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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Market Downtrend and PLC IPO

Market Downtrend and PLC IPO

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1Market Downtrend and PLC IPO Empty Market Downtrend and PLC IPO Fri Oct 21, 2011 9:15 am

dewminigamlath


Manager - Equity Analytics
Manager - Equity Analytics
With the prevailing terrible market situation, I think that many small investors would want to give PLC IPO a try.

2Market Downtrend and PLC IPO Empty Re: Market Downtrend and PLC IPO Fri Oct 21, 2011 9:43 am

econ

econ
Global Moderator
This IPO may be a one of a most disastrous IPO in the history.

3Market Downtrend and PLC IPO Empty Re: Market Downtrend and PLC IPO Fri Oct 21, 2011 10:32 am

madurajithp


Senior Equity Analytic
Senior Equity Analytic
This IPO may have gov. backup. and market situation also important to decide how well it behave. for sure PLC will be very good investment for long term return.

4Market Downtrend and PLC IPO Empty Re: Market Downtrend and PLC IPO Fri Oct 21, 2011 11:26 am

hawkeye


Stock Analytic
Stock Analytic
analyse the price placement factor before get into it. with present market conditions and high volume it may come down on the very first day

5Market Downtrend and PLC IPO Empty Re: Market Downtrend and PLC IPO Fri Oct 21, 2011 11:37 am

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
If you can NOT hold the shares for at least 2, 3 months god's sake please do not insult the PLC IPO

If you think its overvalued then leave it. Is it that hard?

6Market Downtrend and PLC IPO Empty Re: Market Downtrend and PLC IPO Fri Oct 21, 2011 12:22 pm

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@UKboy wrote:If you can NOT hold the shares for at least 2, 3 months god's sake please do not insult the PLC IPO

If you think its overvalued then leave it. Is it that hard?

surely this is gonna be oversubscribed by HNWI including state related funds and forign funds. It's attractive even at IPO price. If PLC trades below the IPO then it's a great opportunity for small investors. Now PLC issome how absorbing 7 billion rupees from IPO investors,most probably from HNWI. If we will be able to buy this at below the IPO price,then it's a great deal.as HNWI infused the capital and we can get the benefit in 1-3 years. Think about what they can do for mammoth 7 billion rupees while having a strong demand for their products in next few years.

We observed the same development in DIAL, with huge IPO, the company have become a giant in telecommunication industry giving more than 100% return to IPO investors within couple of years, though it didn't trade below IPO price at that time.

We can expect a better return from PLC IPO in a couple of years if it trades below IPO price, but unfortunately most of Sri Lankan investors asking for a more than 100% gain in the openig day and become millionaires overnight.

By looking at moarnings and screaming of the forum memebers, It's obvious that most of them have no clue about stock market behaviour, and they think market should rise continuously forever.
They don't accept correctins,pullbacks,crashes that are inherent features of any stock market in any part of the world.Some say CSE should close, Some say growth of CSE is over, some say entire market is overvalued when it trading at P/E of 16 and many solid counters at P/E below 10.Some want to kill the regulators. This reflects majority of Sri Lankan investors are still at kindergarten level.

7Market Downtrend and PLC IPO Empty Re: Market Downtrend and PLC IPO Fri Oct 21, 2011 2:59 pm

LongTerm


Senior Equity Analytic
Senior Equity Analytic
PLCL IPO is one which is of sufficient quality and size to attract long term institutional investors from outside of SL. They are the ones who stay with a share for 1-2 years so that all the small investors can make a decent return.

Our retail investors are looking at IPO's as if it was a guaranteed way to make 100% ROI, which is not correct.

So I totally agree with UKBOY, if you do not want to buy-Please don't invest in the IPO. But have the decency not to insult one of the best Companies in Sri Lanka.

Question to all those who are against PLCL IPO:
How many Companies do we have in CSE which has LKR 60-70 billion in assets and make 2.5-3 billion in recurring profits each year???? AND IF SO CAN YOU BUY ANY OF THOSE SHARES AT 8.2 times forward 2012 PER and 1.4 times 2012 PBV.

8Market Downtrend and PLC IPO Empty Re: Market Downtrend and PLC IPO Fri Oct 21, 2011 4:44 pm

gaya


Senior Equity Analytic
Senior Equity Analytic
@LongTerm wrote:PLCL IPO is one which is of sufficient quality and size to attract long term institutional investors from outside of SL. They are the ones who stay with a share for 1-2 years so that all the small investors can make a decent return.

Our retail investors are looking at IPO's as if it was a guaranteed way to make 100% ROI, which is not correct.

So I totally agree with UKBOY, if you do not want to buy-Please don't invest in the IPO. But have the decency not to insult one of the best Companies in Sri Lanka.

Question to all those who are against PLCL IPO:
How many Companies do we have in CSE which has LKR 60-70 billion in assets and make 2.5-3 billion in recurring profits each year???? AND IF SO CAN YOU BUY ANY OF THOSE SHARES AT 8.2 times forward 2012 PER and 1.4 times 2012 PBV.

LFIN is trading @ PER of 6..

9Market Downtrend and PLC IPO Empty Re: Market Downtrend and PLC IPO Fri Oct 21, 2011 6:02 pm

CSE.SAS

CSE.SAS
Global Moderator
@gaya wrote:

LFIN is trading @ PER of 6..

LFIN Price(21-10-2011) : 139.90

EPS as of 2011-03-31: 14.73

Current P/E

Company : 9.4976

Sector : 9.5856

Pls correct me if i am wrong.Thax.

10Market Downtrend and PLC IPO Empty PLC EMPLOYEE SCHME - SHARES AT ZERO VALUE Fri Oct 21, 2011 6:53 pm

Marketsol


Stock Analytic
Stock Analytic
According to PLC prospectus, its employee were given shares at zero value. Will it bring down the price after IPO when the employees dispose their shares.......?

11Market Downtrend and PLC IPO Empty Re: Market Downtrend and PLC IPO Fri Oct 21, 2011 10:22 pm

mark

mark
Expert
Expert
@CSE.SAS wrote:
@gaya wrote:

LFIN is trading @ PER of 6..

LFIN Price(21-10-2011) : 139.90

EPS as of 2011-03-31: 14.73

Current P/E

Company : 9.4976

Sector : 9.5856

Pls correct me if i am wrong.Thax.

http://forum.srilankaequity.com/t4920-my-pick-1-lfin#77817

12Market Downtrend and PLC IPO Empty Re: Market Downtrend and PLC IPO Sat Oct 22, 2011 8:23 am

Genting


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
True, PLC IPO is not a over valued IPO. But it is issuing 390mn shares! That makes it very liquid! Because of that the first market downturn after debut, will bring the price below IPO price.

But, if all market conditions becomes +ve, like it was till 2010 sep, this share will easily rise sky high!

13Market Downtrend and PLC IPO Empty Re: Market Downtrend and PLC IPO Sat Oct 22, 2011 8:38 am

ShareShares


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
CSE can do well as it was seen until Sept 2010 again, IPO need 8 billion , CSE has more credit to clear , may be billions , minimum sallaries , increased taxations, buget deficit, year end market coditions, global crisis may slow down slightly. It was gren on friday ,might see continuous green.

14Market Downtrend and PLC IPO Empty Re: Market Downtrend and PLC IPO Sat Oct 22, 2011 9:57 am

Academic


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
See here for my and some others' views

http://forum.srilankaequity.com/t11179-plc-prospectus-out

15Market Downtrend and PLC IPO Empty Re: Market Downtrend and PLC IPO Sat Oct 22, 2011 6:33 pm

ShareShares


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
good IPO.

16Market Downtrend and PLC IPO Empty Re: Market Downtrend and PLC IPO Sat Oct 22, 2011 10:04 pm

dineshfernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Nowadays market turnover is below 1 billion. Peoples' Leasing IPO is 7BN. Then you can guess what would happen. It is better to buy in the open market. The price will certainly crash and you can bargain hunt it below 14. There will be huge selling pressure for this.

17Market Downtrend and PLC IPO Empty Re: Market Downtrend and PLC IPO Sun Oct 23, 2011 9:02 am

ShareShares


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Banking and finance quarterly results are good. banking sector can perform well.

18Market Downtrend and PLC IPO Empty Re: Market Downtrend and PLC IPO Mon Oct 24, 2011 1:34 am

chamith

chamith
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
The IPO has a separate category for identified investors. This is mainly targeting at foreign funds and approved investment units. A significant % is allocated to this category and it wouldn't be that hard to get this IPO over subscribed.

19Market Downtrend and PLC IPO Empty Re: Market Downtrend and PLC IPO Mon Oct 24, 2011 9:37 am

LongTerm


Senior Equity Analytic
Senior Equity Analytic
@mark wrote:
@CSE.SAS wrote:
@gaya wrote:

LFIN is trading @ PER of 6..

LFIN Price(21-10-2011) : 139.90

EPS as of 2011-03-31: 14.73

Current P/E

Company : 9.4976

Sector : 9.5856

Pls correct me if i am wrong.Thax.

http://forum.srilankaequity.com/t4920-my-pick-1-lfin#77817


The problem with LFIN is that it is the most leveraged Company out of the BIG 3 (CFIN, LOFC & LFIN) and trades 3x PBV (Last time i checked).

Therefore a slight adjustment in the interest rates will make it more vulnerable than the others.

Agree to your fact fact, it makes super profits.

High risk- High Returns

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