UBC where will be the bottom

ipoguru · 1 UBC where will be the bottom Tue May 10, 2011 5:13 am

ipoguru

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How low will it go....?

GoodPick · 2 Re: UBC where will be the bottom Tue May 10, 2011 6:28 am

GoodPick

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Lost patience and cleared all I had yesterday. This IPO was a waste of money, time and effort.

tubal · 3 Re: UBC where will be the bottom Tue May 10, 2011 7:08 am

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Expo lanka subscribers make note of this.

BTW goodpick, ipoguru, i fear that you guys might have waited till it was too late. The correct way to exit a losing position is like this: once the price starts declining, draw a line on the chart and say I will sell at a loss if it drops below this point. Make sure the line is not too far down.

anu · 4 Re: UBC where will be the bottom Tue May 10, 2011 7:21 am

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ipoguru wrote:
How low will it go....?

With the 1Q results, the trailing PE of UB is about 42. This is way above industry. Industry average PE is around 18.

This is what I said on 16th March,11.

Quote
IPOs will lose the glamour
by anu on Wed Mar 16, 2011 7:14 am

.With such an overdose of IPOs in a depleted market,
IPOs will no more be the girl on the beach. The girl will lose her cosmetic value.

The tinsel dreams of making a killing on the first trading day may not be a reality in the days to come. UB will be an example - I hope

Unquote

cse.alpha · 5 Re: UBC where will be the bottom Tue May 10, 2011 8:21 am

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UBC issued 151 million shares @ Rs12.50 each on 21st June 2010

The one year voluntary lock in by some shareholders was for only 97 million of these shares, and for even this, the expiry of the lock in period is 20th June 2011

Slstock · 6 Re: UBC where will be the bottom Tue May 10, 2011 8:35 am

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cse.alpha wrote:UBC issued 151 million shares @ Rs12.50 each on 21st June 2010

The one year voluntary lock in by some shareholders was for only 97 million of these shares, and for even this, the expiry of the lock in period is 20th June 2011

I have been mentioning this many times, considering current financial of UBC, I can find many more attractive banking shares. UBC might be good bank for future but until then there are others to invest.

Intrinsic · 7 Re: UBC where will be the bottom Tue May 10, 2011 8:53 am

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cse.alpha wrote:UBC issued 151 million shares @ Rs12.50 each on 21st June 2010

The one year voluntary lock in by some shareholders was for only 97 million of these shares, and for even this, the expiry of the lock in period is 20th June 2011

Dear Cse.alpha,

1. Has this 151m (@12/50) issue been disclosed to the public well in prior to the IPO ?

2. You mean to say that after 21st June 2011, the share price will further plummet ? Shocked

milanka · 8 Re: UBC where will be the bottom Tue May 10, 2011 9:01 am

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Answers as per my knowledge : 1 - Specified in the IPO document. 2. those shareholders are authorised to sell asfter the given date. then the price up/down depends on thair selling price.

cse.alpha to confirm anyway.

cse.alpha · 9 Re: UBC where will be the bottom Tue May 10, 2011 9:07 am