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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » 1st IPO for 2014

1st IPO for 2014

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11st IPO for 2014 Empty 1st IPO for 2014 Fri Jan 03, 2014 10:14 am

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
http://www.cse.lk/cmt/upload_cse_announcements/8871388720325_.pdf

21st IPO for 2014 Empty Re: 1st IPO for 2014 Fri Jan 03, 2014 12:49 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Company Overview
Millennium Housing Limited operates as a developer of townships. The company was formerly known as Ceylinco Housing Ltd. and changed its name in December 2009. Millennium Housing Limited is based in Sri Lanka. Millennium Housing Limited operates as a subsidiary of Nation Lanka Finance PLC.
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=36486449

31st IPO for 2014 Empty Re: 1st IPO for 2014 Fri Jan 03, 2014 1:40 pm

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Looks like a "pathola" IPO to me.

41st IPO for 2014 Empty Re: 1st IPO for 2014 Fri Jan 03, 2014 3:08 pm

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Will public trust Ceylinco ever ?  Sad 

51st IPO for 2014 Empty Re: 1st IPO for 2014 Fri Jan 03, 2014 3:20 pm

kukumarx


Manager - Equity Analytics
Manager - Equity Analytics
Is this the same parent company of millennium housing?

http://forum.srilankaequity.com/t32066-nation-lanka-shelves-deposit-to-shares-conversion-plan?highlight=nation+lanka+finance

61st IPO for 2014 Empty Re: 1st IPO for 2014 Fri Jan 03, 2014 3:43 pm

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Kithsiri wrote:Will public trust Ceylinco ever ?  Sad 

same time too many sharks around that helpless person on a wheelchair.
Standard depositors are in the back of that queue.

71st IPO for 2014 Empty Re: 1st IPO for 2014 Fri Jan 03, 2014 10:07 pm

econ

econ
Global Moderator
its owned by nation lanka..they need public money

81st IPO for 2014 Empty Re: 1st IPO for 2014 Fri Jan 03, 2014 11:48 pm

Hawk Eye

Hawk Eye
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Asanka and Jayantha Dhramadasa has been planning this from 2011 it seems. Have to wait for the prospectus

http://archives.dailynews.lk/2011/03/16/bus03.asp

91st IPO for 2014 Empty Re: 1st IPO for 2014 Tue Jan 07, 2014 11:49 am

Kumar

Kumar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Prospectus now available.

http://www.cse.lk/pdf/MHDL_pros1.pdf

101st IPO for 2014 Empty Re: 1st IPO for 2014 Wed Jan 08, 2014 11:26 pm

Hawk Eye

Hawk Eye
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Did anyone had a look at this. i read only numbers.wheres the financials ??


111st IPO for 2014 Empty Re: 1st IPO for 2014 Wed Jan 08, 2014 11:33 pm

Leon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Hawk Eye wrote:Did anyone had a look at this. i read only numbers.wheres the financials ??



No harm in reading the prospectus. But wait, better opportunities will be there as the year progresses.

121st IPO for 2014 Empty Re: 1st IPO for 2014 Wed Jan 08, 2014 11:51 pm

Hawk Eye

Hawk Eye
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Leon wrote:
@Hawk Eye wrote:Did anyone had a look at this. i read only numbers.wheres the financials ??



No harm in reading the prospectus. But wait, better opportunities will be there as the year progresses.

This is a Company incorporated in 1998. Should disclose at least the last financials to see what they have done up to now....

131st IPO for 2014 Empty Re: 1st IPO for 2014 Thu Jan 09, 2014 1:25 am

sriranga

sriranga
Co-Admin
@Hawk Eye wrote:Did anyone had a look at this. i read only numbers.wheres the financials ??

Please follow the below link and check section 15. cheers 

http://www.cse.lk/pdf/MHDL_pros2.pdf

http://www.cse.lk/pdf/MHDL_pros3.pdf

1st IPO for 2014 Millen10

http://sharemarket-srilanka.blogspot.co.uk/

141st IPO for 2014 Empty Millennium Housing Developers Limited ipo Thu Jan 09, 2014 12:28 pm

009008

009008
Equity Analytic
Equity Analytic
friends what do u think about this IPO  Rolling Eyes Rolling Eyes   hope to invest some money in cse after huge lost  Sad   will this be a great oppertunity to enter the cse again Question Question 


plz give me ur valuable advice  Smile Smile

151st IPO for 2014 Empty Re: 1st IPO for 2014 Thu Jan 09, 2014 12:34 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
http://forum.srilankaequity.com/t32238-1st-ipo-for-2014#190204

keeper

keeper
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
What do you thing about this,Give a valuable idea............,It may like Anilana?
At this price(Rs6)..Good to buy or not?
Did you read the prospectors?

171st IPO for 2014 Empty Re: 1st IPO for 2014 Fri Jan 10, 2014 3:06 pm

Hawk Eye

Hawk Eye
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Hawk Eye wrote:Asanka and Jayantha Dhramadasa has been planning this from 2011 it seems. Have to wait for the prospectus

http://archives.dailynews.lk/2011/03/16/bus03.asp


I just wanted to find a clue for the reasons why this IPO was delayed from 2011. Some doubtful aspects

Ford Rhodes audited the financial statements for the year 2009/2012/2013.In between Tudor v perera and company has audited 2010 & 2011. Still you can find Auditors Qualifications and grey areas of transaction and accounting treatments. page 105-106.

This means the accounting were in a big soup, which in between they have used another auditor to icing it   up to get the company ready for IPO. They have used Ford Rhodes for the last 02 years to give some weight to the audit .

What I could understand from the prospectus was the Company has proposed additional units of 567 and for that they need 800mn. Out of this 192 mn will be raised from public apart from the reserves and pre selling.. So on average a unit going to cost Rs.1.41?.. May be the balance work in progress..!

looks like another one to suck the blood out

i am presenting here my views. Please share your views ... so everyone can get a better picture / evaluate the worthiness of this share

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