GSF offer price not attractive

sampath.anuradha · 1 GSF offer price not attractive Mon Nov 10, 2014 9:23 am

sampath.anuradha

Senior Manager - Equity Analytics

Posts : 340
Equity Stars : 4045
Reputation : 3
Join date : 2014-08-15

Total Assets LKR 1,589,934,373
Total Liabilities LKR (1,258,240,209)
Nest Asset Value LKR 333,694,164
Ordinary Voting Shares Qty 22,500,000
Net Asset per share LKR 14.74
offer price LKR 22.20
GSF's price to Book value Times 1.51
sector Banking,Fiance & Insurance
sector price to Book
multiple Times 1.80
GSF valuation based on
sector price to Book value LKR 26.50
multiple
states of the offer
price undervalued

Market price to Book value Times 2.33
GSF valuation based on Market price
to Book value multiple LKR 34.40

states of the Book value undervalued

expert what u think about this ? Idea

sampath.anuradha · 2 Re: GSF offer price not attractive Mon Nov 10, 2014 6:50 pm

sampath.anuradha

Senior Manager - Equity Analytics

Posts : 340
Equity Stars : 4045
Reputation : 3
Join date : 2014-08-15

Total Assets LKR 1,589,934,373
Total Liabilities LKR (1,258,240,209)
Nest Asset Value LKR 333,694,164
Ordinary Voting Shares Qty 22,500,000
Net Asset per share LKR 14.74
offer price LKR 22.20
GSF's price to Book value Times 1.51
sector Banking,Fiance & Insurance
sector price to Book
multiple Times 1.80
GSF valuation based on
sector price to Book value LKR 26.50
multiple
states of the offer
price undervalued

Market price to Book value Times 2.33
GSF valuation based on Market price
to Book value multiple LKR 34.40

states of the Book value undervalued

expert what u think about this ? GSF offer price not attractive Icon_idea

sikka89 · 3 Re: GSF offer price not attractive Mon Nov 10, 2014 6:53 pm

sikka89

Senior Manager - Equity Analytics

Posts : 552
Equity Stars : 5370
Reputation : 23
Join date : 2011-08-17

Better beleave this went to 1000

sach9993 · 4 Re: GSF offer price not attractive Mon Nov 10, 2014 8:41 pm

sach9993

Assistant Vice President - Equity Analytics

Posts : 790
Equity Stars : 5437
Reputation : 23
Join date : 2014-11-07

oka nam hariyan na kollo.day trading walt hondai.but gsf share eka buy sale eka mathai dan thiyene.oya company eke financial statments tikak bland,kisim profit gain ekak na.e madiwat mandy off ekakuth gihin tiyene.buy sale eka matha 40t vithara yandath puluwn.mat nam hithene market eka drop wend gaththa hatiye gsf stock eka eka para godak pahalt ei kiyla

sampath.anuradha · 5 Re: GSF offer price not attractive Mon Nov 10, 2014 11:36 pm

sampath.anuradha

Senior Manager - Equity Analytics

Posts : 340
Equity Stars : 4045
Reputation : 3
Join date : 2014-08-15

sach9993 wrote:oka nam hariyan na kollo.day trading walt hondai.but gsf share eka buy sale eka mathai dan thiyene.oya company eke financial statments tikak bland,kisim profit gain ekak na.e madiwat mandy off ekakuth gihin tiyene.buy sale eka matha 40t vithara yandath puluwn.mat nam hithene market eka drop wend gaththa hatiye gsf stock eka eka para godak pahalt ei kiyla

thank u reply,but i got independent advisor's report,so above my post in there, thawa eke mehma thiyenawa,

valuation methodology value status of the offer
LKR price-LKR 22.20

sector price to book value 26.50 undervalued

market price to book value 34.30 undervalued

sector price to earning 6.70 significantly overvalued

market price to earning 10.40 significantly overvalued

one year volume weighted market price 41.20 undervalued

six month volume weighted market price 40.80 undervalued

peer based price to book value 79.80 significantly undervalued

peer based price to earning 51.10 significantly undervalued

recent transaction based-price to earning multiple 10.80 significantly overvalued

recent transaction based-price to book multiple 25.00 undervalued

so me atharin wdathma balapane mokaddha,shear price eka up wenna.