Amana Bank IPO at P/E of 43.75.Shocking to say the least!

ccsentha

ccsentha

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Amana Bank IPO at P/E of 43.75 Shocked

4yr eps

2012 - 0.16 (is this genuine? or was it made up for the IPO?)
2011 - (0.35)
2010 - (3,048,824) (pre share split)
2009 - (571,403)
2013 9 months - loss of LKR (299,357,791)

When we consider the 2012 EPS, P/E value is 43.75. How on earth can cse approve such IPOs?

(I wouldn't be surprised if the 2013 year end with a loss)
(in past most companies who came via IPOs never repeated their previous year results, infect they managed only to make a tiny profit when compared with pre IPO years.) SHL comes to my mind...but there are many like that....

http://www.cse.lk/pdf/amana_pros.pdf

ccsentha

ccsentha

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Already around 21% of the shares are in public's hand. How/why did they buy it? (it seems some have bought at 7)

anges

anges

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story i hear is directors have given shares to their servants.drivers ,in laws ,dogs and cats so they can sell them before the locked period ! dont fall for this ! keep expo in mind ! very soon the market will crash because people will lose faith in the system ! be smart ,be safe and dont burn your fingers

yellow knife

yellow knife

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I appreciate the honorable duty of some of our equity forum members. This kind of knowledge sharing warnings are very important for many new comers to the market. And the analysis of P/E ratio is astonishing for an IPO. I can remember the term Ben Graham used in his book " Intelligent Investor", that is Insiders Private Opportunity. One should never be too greedy as Too much of anything Good for Nothing. EXPO exhibited the same. This time friends Amana will learn a lesson and that is YOU CANT FOOL ALL THE PEOPLE ALL THE TIMES.
If you are genuine in business and even if you make super profits you can remain in business. If not you will be gone PC HOUSE owners (previous) would have learnt that.
I can see a common factor with AMANA, EXPO, PC HOUSE, PC PHARMA, ORIENT GARMENTS, and thanx god Touchwood makes me unable to generalize what I see.

Sud

Sud

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a percentage of the shares were issued on a 'Private Placement' about three years ago

smallville

smallville

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@yellow knife wrote: This time friends Amana will learn a lesson and that is YOU CANT FOOL ALL THE PEOPLE ALL THE TIMES.

I'm quite skeptical about that.. Whatever IPO, it gets oversubscribed.. no matter wat.. There are fools who like to taste bad blood like this.

U DONT NEED to FOOL OTHERS.. THEY PROVE THEMSELVES ARE FOOLS eventually.. Mad

glwking

glwking

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Why did you forget CIFL, TFC, GREG, BLUE, FLCH etc.. Are these also coming under same factor?

@yellow knife wrote:I appreciate the honorable duty of some of our equity forum members. This kind of knowledge sharing warnings are very important for many new comers to the market. And the analysis of P/E ratio is astonishing for an IPO. I can remember the term Ben Graham used in his book " Intelligent Investor", that is Insiders Private Opportunity. One should never be too greedy as Too much of anything Good for Nothing. EXPO exhibited the same. This time friends Amana will learn a lesson and that is YOU CANT FOOL ALL THE PEOPLE ALL THE TIMES.
If you are genuine in business and even if you make super profits you can remain in business. If not you will be gone PC HOUSE owners (previous) would have learnt that.
I can see a common factor with AMANA, EXPO, PC HOUSE, PC PHARMA, ORIENT GARMENTS, and thanx god Touchwood makes me unable to generalize what I see.

Jiggysaurus

Jiggysaurus

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@glwking wrote:Why did you forget CIFL, TFC, GREG, BLUE, FLCH etc.. Are these also coming under same factor?

He's clearly talking about EXPO, Amana, PCH, PCHH, OGL and TWOD. Does his post also deserve censorship and warnings?

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Amana Bank IPO at P/E of 43.75.Shocking to say the least!

1 Amana Bank IPO at P/E of 43.75.Shocking to say the least! Thu Nov 28, 2013 4:12 pm

ccsentha

2 Re: Amana Bank IPO at P/E of 43.75.Shocking to say the least! Thu Nov 28, 2013 4:16 pm

ccsentha

3 Re: Amana Bank IPO at P/E of 43.75.Shocking to say the least! Fri Nov 29, 2013 12:12 am

anges

4 Re: Amana Bank IPO at P/E of 43.75.Shocking to say the least! Fri Nov 29, 2013 8:58 am

yellow knife

5 Re: Amana Bank IPO at P/E of 43.75.Shocking to say the least! Fri Nov 29, 2013 9:43 am

Sud

6 Re: Amana Bank IPO at P/E of 43.75.Shocking to say the least! Fri Nov 29, 2013 3:13 pm

smallville

7 Re: Amana Bank IPO at P/E of 43.75.Shocking to say the least! Fri Nov 29, 2013 3:29 pm

glwking

8 Re: Amana Bank IPO at P/E of 43.75.Shocking to say the least! Fri Nov 29, 2013 3:51 pm

Jiggysaurus

9 Re: Amana Bank IPO at P/E of 43.75.Shocking to say the least!

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