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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » People's Leasing: A miracle if they get it fully subscribed on Day 1

People's Leasing: A miracle if they get it fully subscribed on Day 1

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WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@avilon wrote:can the employees sell their shares on the first trading day.

No- Only after one year

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics
@mark wrote:is this guys mad to bring a 7bn IPO in to a bloody rainy market,where daily TO drooped to 0.5bn per day.. Mad ,im not gng to subscribed,thats it,btw its good for looooong term guys Smile
mark, who has given approval for this huge IPO. SEC or CSE .They are the ppl responsible for giving approval to this IPO at a bad time.

rijayasooriya


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@avilon wrote:can the employees sell their shares on the first trading day.
If they subscribe from IPO I think they can.If they have bought from a PP after March/April(I can not remeber exact date)2011 then they have to keep those shares for one year from the PP date.

lamaya


Equity Analytic
Equity Analytic
@Rajaraam wrote:
@mark wrote:is this guys mad to bring a 7bn IPO in to a bloody rainy market,where daily TO drooped to 0.5bn per day.. Mad ,im not gng to subscribed,thats it,btw its good for looooong term guys Smile
mark, who has given approval for this huge IPO. SEC or CSE .They are the ppl responsible for giving approval to this IPO at a bad time.

Dont think IPOs are bad because of they sucks money from the bourse....ya thats tru IPSs sucks money in the bourse but....that money comes to the real economy......cash circulated in the CSE dosnt have any use to the real economy..those money just circulate among investors and ultimatly it might ended up with some manipulor's hand...but when it comes to an IPO that cash comes to the real economy, therefor in long term basis IPOs help to improve the macro economy and it will possitively impact on the bourse.......

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics
@lamaya wrote:
@Rajaraam wrote:
@mark wrote:is this guys mad to bring a 7bn IPO in to a bloody rainy market,where daily TO drooped to 0.5bn per day.. Mad ,im not gng to subscribed,thats it,btw its good for looooong term guys Smile
mark, who has given approval for this huge IPO. SEC or CSE .They are the ppl responsible for giving approval to this IPO at a bad time.

Dont think IPOs are bad because of they sucks money from the bourse....ya thats tru IPSs sucks money in the bourse but....that money comes to the real economy......cash circulated in the CSE dosnt have any use to the real economy..those money just circulate among investors and ultimatly it might ended up with some manipulor's hand...but when it comes to an IPO that cash comes to the real economy, therefor in long term basis IPOs help to improve the macro economy and it will possitively impact on the bourse.......

I am not saying friend IPOs are bad. We need a wider market to encourage investors and to expand the capital market which could create more and more oppotunities for the players.But at a time that market is not performing well it is not advisable to approve huge IPOs like this.

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@lamaya wrote:
@Rajaraam wrote:
@mark wrote:is this guys mad to bring a 7bn IPO in to a bloody rainy market,where daily TO drooped to 0.5bn per day.. Mad ,im not gng to subscribed,thats it,btw its good for looooong term guys Smile
mark, who has given approval for this huge IPO. SEC or CSE .They are the ppl responsible for giving approval to this IPO at a bad time.

Dont think IPOs are bad because of they sucks money from the bourse....ya thats tru IPSs sucks money in the bourse but....that money comes to the real economy......cash circulated in the CSE dosnt have any use to the real economy..those money just circulate among investors and ultimatly it might ended up with some manipulor's hand...but when it comes to an IPO that cash comes to the real economy, therefor in long term basis IPOs help to improve the macro economy and it will possitively impact on the bourse.......

Lamayo.. look in this terms;
1) This IPO is huge, ppl need money to subscribe, do money grow on trees? NO, can ppl allocate money from their pockets, salary? YES few can but the rest cant due to living cost gone high.. so the common men sell their stuff on market and apply for IPOs expecting a gain from the market.. for sure u'll atleast get 2000 shares if you ask.. But current market is goin harwire, due to more and more money being pulled out its getting into a #$% hole too so valuable counters sold @ dirt cheap, every1 is losing money..

2) The number of shares are higher than 300Mil.. All public institutes and investment trusts will subscribe and this will get oversubscribed too.. no wonder cuz ppl like u and me cant apply and oversubscribe a large IPO like dis ne Wink Then the question comes.. if we all bought shares do we have more ppl to sell these? say 50K ppl bought 2K shares each that makes 1/6 of the issue.. say we were given 4000 each still its 1/3 of the issued.. So will there be anyone to sell at a higher price?

There's nothing wrong with the company other than they had a oneoff last time which boosted the results and when u deduct that it was not worthy to buy @ 18.. Then again the company is a well renowed one for their name, ability and govt backing so there wont be an issue in future too..
So u gotta ask whether u buy it now or wait to see whether u can buy this around 14-16 range in secondary market Wink.. Well I'm not buying this from IPO for fun even..

light

light
Senior Equity Analytic
Senior Equity Analytic

Remember miracles do happen. Razz

28People's Leasing: A miracle if they get it fully subscribed on Day 1 - Page 2 Empty PLC IPO - PRIVATE PLACEMENT Mon Oct 31, 2011 2:38 pm

jonny

jonny
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
besides all these issues there has been private placement been taken place. 11 million shares had been sold @ Rs10/+ each by the 10 top guys of the company.So I feel this IPO is going to be an hovac...?????

nkalansu


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@jonny wrote:besides all these issues there has been private placement been taken place. 11 million shares had been sold @ Rs10/+ each by the 10 top guys of the company.So I feel this IPO is going to be an hovac...?????


Is this fact disclosed in the prospectus?

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
I know that a number of large funds from singapore are interested in this

LongTerm


Senior Equity Analytic
Senior Equity Analytic
@mono wrote:I know that a number of large funds from singapore are interested in this

Please get in touch with the issue Mangers (NDBIB and CA), and tell them who these funds are.

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
@LongTerm wrote:
@mono wrote:I know that a number of large funds from singapore are interested in this

Please get in touch with the issue Mangers (NDBIB and CA), and tell them who these funds are.

Maybe it was the issue manager who told me about this.

yellow knife


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Hi Guys

Miracles take place...PLC IPO is already fully subscribed...Now its no more about getting subscribed...Now the matter is by how many times..Thats what I heard from my broker...Pls check on this matter and let us know..

LongTerm


Senior Equity Analytic
Senior Equity Analytic
@yellow knife wrote:Hi Guys

Miracles take place...PLC IPO is already fully subscribed...Now its no more about getting subscribed...Now the matter is by how many times..Thats what I heard from my broker...Pls check on this matter and let us know..

Great job by the Issue Managers Capital Alliance and NDB Investment Bank for handling a big issue at not the most conducive time for a big IPO.

My only hope is that it will be a similar case to Dialog, where the whole market is revived by a genuinely good IPO.

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Go ahead LongTerm.. either u can sell this at a 1 rupee profit or u'll be a happy long-term share holder of PLC..

LongTerm


Senior Equity Analytic
Senior Equity Analytic
@smallville wrote:Go ahead LongTerm.. either u can sell this at a 1 rupee profit or u'll be a happy long-term share holder of PLC..

As my username suggests I am in the market for the Long Term, but I want to see people who are anti-IPO at the moment (but still apply at 18/- and are planning to sell the moment trading commences) to have a chance of getting out of the PLCL IPO at a decent return (even 5-10%) so that their attitude towards IPO's will take a turn tio the positive.

Anyway one can always hope I guess........

ranjanie


Manager - Equity Analytics
Manager - Equity Analytics
Hi Guys, Miracle will take place. There is a rumor that big ppl of the PLC has allocated big qty of shares, among them, worth Rs.942 Mn. and there was a picket yesterday protesting that act.

Don,t know how far this is true!

tj


Equity Analytic
Equity Analytic
When i went though PLC numbers but i didnt see any attractiveness. Other than for 2010/11 they have been making a profit of about 1Bn. In 2010/11 they have done 2.6Bn. But if youlook at june quarter again their profit is about 122mn if we leave out the reversal of the general provision of some 1.6Bn. As they are issuing 25% for 7Bn company valuation is 28Bn. As per June quaarterlies their NAV is around 10Bn. if you add the IPO proceeds to that still it is 17 Bn. Isnt there a huge premium here.? Another concern here is the locked shares of about 4Mn. They will come to market after 30th June 2012. Recently we saw in Samapth how employee shares were sold. When the share was trading around 230 levels all of a sudden there was quite a lot of sales between 200-220. I dont know whether i am missing something here if so please let me know

THX
tj

kumudu


Senior Equity Analytic
Senior Equity Analytic
no one is willing to lose hardly earned money. it will be coming down just after trading. look at Trade finance latest ipo selling at Rs 19 s.

yellow knife


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Dear Friends

PLC is the biggest leasing company. Its performance is better than many commercial banks..I leave it you to make a comparision with other banks and find the truth...Any way as retail investor (or anyone) has no interest in selling at a loss, how can the price come down on the first day..Further many customers of PLC have opened CDS accounts.. They are not day traders..Even they fall into retail category they are long term investors who will not monitor day to day up and down in the market...

Guys the first prediction of yours is already gone...the miracle has taken place...Its fully subscribed...How about your second prediction...The price will come down in the first day...The second prediction will also fade away ....if no one is willing to sell at a loss...Just two more days....

Good Luck

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@yellow knife wrote:Dear Friends

PLC is the biggest leasing company. Its performance is better than many commercial banks..I leave it you to make a comparision with other banks and find the truth...Any way as retail investor (or anyone) has no interest in selling at a loss, how can the price come down on the first day..Further many customers of PLC have opened CDS accounts.. They are not day traders..Even they fall into retail category they are long term investors who will not monitor day to day up and down in the market...

Guys the first prediction of yours is already gone...the miracle has taken place...Its fully subscribed...How about your second prediction...The price will come down in the first day...The second prediction will also fade away ....if no one is willing to sell at a loss...Just two more days....

Good Luck

So as any other IPO, this has also over subscribed.. Have u heard of any IPO in 2011 which has not oversubscribed? Whatever said and done, how much we educate ppl, they dont listen.. They believe IPOs are the easiest way to find some quick cash Wink

How can u be sure there are no day traders among new comers? Have u interviewed them? New ppl are more furious than seasoned traders/investors.. Their goal is quick money.. They've been told at least and rose gardens were shown to them by others ;( hikzzz..

Price may or may not come down the first day, sometimes due to popularity it may start 19 or 20, then u'd be lucky.. But luck is something u need when u dont have ability to figure out things..

No one is willing to sell at a loss.. agreed.. buy what if no one is interested to buy at a premium???? to whom ur gonna sell?

mark

mark
Expert
Expert
@yellow knife wrote:
if no one is willing to sell at a loss...Just two more days....

Good Luck

lolz,you better understand the meanings of FEAR and GREED which controls the investors mind.. Smile

yellow knife


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
If You still Hold East after buying at 44..
If you hold Colombo Pharmacy bought at 2500
If you hold Greg bought at +++
If you hold Colombo Land bought at ***
If you hold HVA bought at +++


Why do you want to sell PLC at a loss...


Guys its time to think logically...If you dare to grab the good opportunities when they arise you may get real gains....Learn Patience to fight Greed and Fear....Both these sentiments are created inside human mind some others than for real reasons...

tj


Equity Analytic
Equity Analytic
@ yelow knife

We have still time to invest in this. Why dont you tell some facts that show the share is worth 18/-.
You have said PLC is the largest leasing company-Agreed
You also say Its performance is better than many commercial banks- On what basis are you saying this? As i said earlier if you leave out the reversal of general provison their june quarter profit is just 122Mn.
According to my calculation on the offer price there is a premium of 10Bn.(June net assets+ IPO proceeds minus 28Bn) Can u justify that?
Also as smallville has pointed out nobody wants to sell at a loss. Due you think all those who sold softlogic sold it below issue price because they were happy with it?
Also the need to open a CDS account is mandatory now. So whether you want to hold it for a day or 10yrs still you have to open a CDS account.

As you say it may hv already been oversubscribed and also it may trade @ 25. Who knows stranger things have happened at CSE? But for me to invest i need to justify the issue price of 18. Can you justify 18/-?
THX
tj

Thx
tj

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
[quote="yellow knife"]If You still Hold East after buying at 44..
If you hold Colombo Pharmacy bought at 2500
If you hold Greg bought at +++
If you hold Colombo Land bought at ***
If you hold HVA bought at +++


Why do you want to sell PLC at a loss...

quote]
If anybody buys these shares at those prices, then he should better take some advice from a more knowledgeable person.. cuz it shows his foolishness..
But.. there's always a greater fool than the person who bought these at top Twisted Evil so he has to be lucky enuf to find that kinda rabbit to dispose these at a break even at least Wink

I didnt wanna mention what happened to the SHL shareholders, even a fairly good copmany like TJL failed to attract (may be due to bad timing)

Their results indicates a one off gain, so the results looks promising, when u take that off this doesnt valued at 18, may be 12-14 I can say ok..
But going for a large IPO like this, we have to evaluate the risk of holding this for sometime again.. And whats de purpose of buying something at 18 if u can buy it 15 Wink

Anyways, u seem to be over sighted on this IPO and has not seen the real picture.. We cant show it to u either... For the sake of poor investors, I wish this IPO brings at least 1-2 rupee profit on 1st day.

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