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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » PLC anyone?

PLC anyone?

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1PLC anyone? Empty PLC anyone? Fri Jan 11, 2013 9:18 pm

nirowat


Manager - Equity Analytics
Manager - Equity Analytics
I have been monitoring PLC for some after beign introduced by some of the previous discussions in this forum. Finally got in between 11-12 before the dividend which did take me by surprise and at the same time a bit dissapointed not to have got more.
From there after price has been regularly on the up with sizable quantity and rallies taking the price up 0.50 or more on some days. Today it is touching 14.5.
Few day after each of these we find out that Peoples Bank is collecting. They collected quite a bit at 13 and then at 14 and the latest disclusure confirm collecting above 14. Feel certain that in the next few days we may find that they have bought up to 14.5 today.

I was happy to hold PLC for long term at around 12/13 due the dividend which seems to be a regular event now but not sure at 14 and above. At the same time due the fact that Peoplse bank is collecting makes me think this will give short to medium term capital gain.

Wonder what the members think and to what price peoples bank will buy up to. Why are they collecting and why from the market? Any comments most welcome.

PS. This is not a promotion, just an observation. I still hold PLC shares.

2PLC anyone? Empty Re: PLC anyone? Sat Jan 12, 2013 8:07 am

K.Haputantri

K.Haputantri
Co-Admin
I too share similar opinion on PLC. The current price of PLC is below its IPO price. Its divident policy too is consistant and promising. Recent restructure of PLC gives hope to investers. I read a comment by TAH that it may hit Rs:18/=, the IPO price? Must watch this share cautiously.

3PLC anyone? Empty Re: PLC anyone? Sat Jan 12, 2013 8:57 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Yes it can at least hit 16 by the way of looking at the trends. Besides it has a fundamental value below 14 imo.
Directors have been collecting since December from 10.20- 14.20 levels.

Final dividend was announced in last April and this time we can expect a 0.50-0.75 as final.
At a price of 14, this looks good as a dividend yielding company.

4PLC anyone? Empty Re: PLC anyone? Sat Jan 12, 2013 9:08 am

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@smallville wrote:Yes it can at least hit 16 by the way of looking at the trends. Besides it has a fundamental value below 14 imo.
Directors have been collecting since December from 10.20- 14.20 levels.

Final dividend was announced in last April and this time we can expect a 0.50-0.75 as final.
At a price of 14, this looks good as a dividend yielding company.
If PLC trades above 15 around the final divd period, them surely 16-17 for sure...if market goes on bullish run may even try 18 rs know before the year end.... Rolling Eyes

TAH

5PLC anyone? Empty Re: PLC anyone? Wed Jan 16, 2013 8:43 pm

raptor


Manager - Equity Analytics
Manager - Equity Analytics
Personal opinion, PB is collecting PLC to maintain 75% ownership as there will be dillution when PLC announces the share swap for SMLL shares which needs to be completed by April this year. Also think a secondary reason is to ensure they share price is high enough that they do not need to provide too many shares to existing SMLL shareholders as PLC has been acquiring SMLL in the open market pushing it up. I thought PB will not push PLC beyond 14 but I was wrong. We can safely assume a big dividend is coming but factor in the dillution given the new PLC shares that will be needed for the SMLL share swap.

I do not hold PLC but I do hold SMLL.

6PLC anyone? Empty Re: PLC anyone? Wed Jan 16, 2013 9:04 pm

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Raptor

what if the PLC price hits 20-30 Very Happy will it mean less shares for SMLL holders....in the share swap & more gain for PLC...

will that be a game changer Very Happy

7PLC anyone? Empty Re: PLC anyone? Wed Jan 16, 2013 9:32 pm

raptor


Manager - Equity Analytics
Manager - Equity Analytics
Yes but PB won't buy it up to that level, it will surely lose out. I'm thinking they wont push it beyond the IPO price. That should be the ceiling. I could be wrong though.

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