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Free Lanka Starting Price?

+12
tkc
newbie
Antonym
uditha9
banarahu
pushpakumara
cse.mkt
npc86
kaz4max
RockStock
wiser
rocksan
16 posters

Go down  Message [Page 1 of 1]

1Free Lanka Starting Price?  Empty Free Lanka Starting Price? Tue Apr 12, 2011 2:18 pm

rocksan

rocksan
Manager - Equity Analytics
Manager - Equity Analytics

What will be the starting price of Free Lanka which is to trade on 18th April. My broker said it will be about Rs7.00 is this a good price for it?

2Free Lanka Starting Price?  Empty Re: Free Lanka Starting Price? Tue Apr 12, 2011 3:58 pm

wiser

wiser
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

7/- will be a reasoanble return.

3Free Lanka Starting Price?  Empty Re: Free Lanka Starting Price? Tue Apr 12, 2011 4:30 pm

rocksan

rocksan
Manager - Equity Analytics
Manager - Equity Analytics

wiser wrote:7/- will be a reasoanble return.


Thank you for the reply will start with 7 and see how it rallies up Laughing

4Free Lanka Starting Price?  Empty Re: Free Lanka Starting Price? Tue Apr 12, 2011 10:47 pm

RockStock


Manager - Equity Analytics
Manager - Equity Analytics

Yes 7.00/= would be reasonable, but if the first trading period will be a really bullish time, (about week after new year) and because of the momentum it may pass even 8/=

5Free Lanka Starting Price?  Empty Re: Free Lanka Starting Price? Tue Apr 12, 2011 10:53 pm

kaz4max


Stock Analytic
Stock Analytic

it'l sustain around 8 guys, good price to sell. Unlikly a share would appriciate over 80%-100% on the first day!

6Free Lanka Starting Price?  Empty Re: Free Lanka Starting Price? Tue Apr 12, 2011 11:10 pm

npc86

npc86
Manager - Equity Analytics
Manager - Equity Analytics

Many of retailers got almost full allotment for FLCH. It may make some selling at the starting day... but don't forget now lot of retailers experienced well on IPOs so just wait for the correct time.
Lot of investors will be entering back to the market after long holiday..It may exceed even 8/= just like PAP percentage..

So we'l see ne... Smile

7Free Lanka Starting Price?  Empty Re: Free Lanka Starting Price? Wed Apr 13, 2011 6:35 am

cse.mkt


Equity Analytic
Equity Analytic

It may start @ around 7.00 - 7.50 may go up to 8.00 may come down to 6.50.......

8Free Lanka Starting Price?  Empty FREE LANKA IPO Thu Apr 14, 2011 8:49 pm

pushpakumara


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

What would be the ideal bid price for the above on Monday morning? Can any one guess?

9Free Lanka Starting Price?  Empty Re: Free Lanka Starting Price? Fri Apr 15, 2011 8:31 am

banarahu

banarahu
Manager - Equity Analytics
Manager - Equity Analytics

http://forum.srilankaequity.com/t2688-free-lanka-starting-price

10Free Lanka Starting Price?  Empty free lanka ipo Fri Apr 15, 2011 10:57 am

pushpakumara


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

banarahu wrote:http://forum.srilankaequity.com/t2688-free-lanka-starting-price

Good one. Is it advisable to buy at the prices quoted to make a quick buck..??

11Free Lanka Starting Price?  Empty Re: Free Lanka Starting Price? Fri Apr 15, 2011 12:27 pm

uditha9


Manager - Equity Analytics
Manager - Equity Analytics

i will sell at 6.90

12Free Lanka Starting Price?  Empty Re: Free Lanka Starting Price? Fri Apr 15, 2011 12:30 pm

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics

I will buy at Rs 5.90.

13Free Lanka Starting Price?  Empty Re: Free Lanka Starting Price? Fri Apr 15, 2011 1:34 pm

newbie


Equity Analytic
Equity Analytic

i suggest to hold on to it for a couple of months guys.... why hurry!!!! The gain you make would be massive then.... planning to hold onto mine for a while.... it's already on the mat, price can't fall further.... so NO RISK.... nothing to lose, but only to GAIN.... just my opinion Very Happy

14Free Lanka Starting Price?  Empty Re: Free Lanka Starting Price? Fri Apr 15, 2011 3:09 pm

tkc

tkc
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

newbie wrote:i suggest to hold on to it for a couple of months guys.... why hurry!!!! The gain you make would be massive then.... planning to hold onto mine for a while.... it's already on the mat, price can't fall further.... so NO RISK.... nothing to lose, but only to GAIN.... just my opinion Very Happy
Totally agreed!!

15Free Lanka Starting Price?  Empty Re: Free Lanka Starting Price? Fri Apr 15, 2011 3:32 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Antonym wrote:I will buy at Rs 5.90.

Ur in my view it seems.. Looking at the company FLCH is a diversified holding, they are into Plantations, leisure & property development sectors, Hydropower, Green Tea Manufacturing, etc..

97% to the total group revenue as at end of 31st December 2010 was from Tea & Rubber contributing from Pussellawa & Mathurata plantations. So their main arm is TEA+RUBBER..

Further more they've ventured into mini hydro power sector through CSE listed Hydro Power Free Lanka PLC (HPFL) which is only a 2% contribution to the group revenue but they currently in the process of adding four more mini hydro power plants with an aggregate of 5.37 MW of power to the national grid by April 2012.

Also a PP has been announced for 4.70 on pre IPO era, but I think the investors will have to keep the shares locked in for a year before selling in due to new SEC rules..

So I'd say this is fairly a good company to hold on to on mid to long-term basis and a price range of 8-10 could be in cards if you dont sell immediately..

I'd even buy back below 6 and avg for a good return..

16Free Lanka Starting Price?  Empty Re: Free Lanka Starting Price? Fri Apr 15, 2011 7:29 pm

tkc

tkc
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

@smallville totally agreed !! i m also trying to keep this for mid to long term....

17Free Lanka Starting Price?  Empty Re: Free Lanka Starting Price? Fri Apr 15, 2011 7:47 pm

banarahu

banarahu
Manager - Equity Analytics
Manager - Equity Analytics

We predicted Hydro power Free Lanka at Rs. 15 and it came as it is…

LGL will come at Rs. 40 and Rs, 25 prices but its came around 26 and 17 and passed the predicted price after two months...

PAP, IPO price was Rs.3, but first day it sold around 3.70 and past Rs.5 after few days…

Unexpectedly Singer finance came at Rs.45, Three times of the IPO share prize…

And Union Bank, we thought it starts at 60, but came at 45 and suddenly went down around 35 because more percentage of shares came out of the IPO quantity…

Senkadagala Finance came without IPO and is still worthless…

By these facts all the time we added a new experience unexpectedly… Most experiences can’t correct by lessons learned because all had something new and unique…

All the predictions are given in some reasons. So now we have an idea about the price. In my case it’s better to keep in touch in the morning 9.30 -10... Wait and watch how market is going. Then enter at the best price…

This is my experience and please verify if anything wrong given in the above… Smile

Thnx…

18Free Lanka Starting Price?  Empty Re: Free Lanka Starting Price? Mon Apr 18, 2011 9:56 am

yoyo

yoyo
Manager - Equity Analytics
Manager - Equity Analytics

Everybody expected a starting price around 7 - 7.5 in the morning...Why is it going down ?
Is 5.70 a good price to enter ?

19Free Lanka Starting Price?  Empty Re: Free Lanka Starting Price? Mon Apr 18, 2011 10:03 am

SL.Market

SL.Market
Vice President - Equity Analytics
Vice President - Equity Analytics

yoyo wrote:Everybody expected a starting price around 7 - 7.5 in the morning...Why is it going down ?
Is 5.70 a good price to enter ?

dont warry and wait this will hit 6.50 soon...........

20Free Lanka Starting Price?  Empty Re: Free Lanka Starting Price? Mon Apr 18, 2011 12:59 pm

banarahu

banarahu
Manager - Equity Analytics
Manager - Equity Analytics

another new experience... as usual... clown

21Free Lanka Starting Price?  Empty Re: Free Lanka Starting Price? Mon Apr 18, 2011 1:43 pm

Vinu


Senior Equity Analytic
Senior Equity Analytic

already entered at 5.90 pale

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