PMB/PLC/PINS

ErangaDS · 26 Re: PMB/PLC/PINS Thu Dec 01, 2022 3:05 pm

ErangaDS

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K.R wrote:

GOSL wrote:They are in the forefront of Privatization , but still trading at the lowest levels in the history.
" If any transaction to happen , it will be at least 3X from here.

PLC alone has a net asset of 20.70 (30/09/22)

I don’t believe Net Assets will be an accurate method for valuation specifically for PINS ,Since their higher dividend policy.
For the last two years they have paid R/s 5.50 as dividends(last 5 years r/s 10+).

K.R · 27 Re: PMB/PLC/PINS Sat Dec 03, 2022 2:23 pm

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ErangaDS wrote:

K.R wrote:

GOSL wrote:They are in the forefront of Privatization , but still trading at the lowest levels in the history.
" If any transaction to happen , it will be at least 3X from here.

PLC alone has a net asset of 20.70 (30/09/22)

I don’t believe Net Assets will be an accurate method for valuation specifically for PINS ,Since their higher dividend policy.
For the last two years they have paid R/s 5.50 as dividends(last 5 years r/s 10+).

Fair enough .

When Allianz acquired Janashakthi ,the consideration was of 2.2x JGIL’s net asset value in 2017.

https://www.dailynews.lk/2018/02/05/business/141878/allianz-acquire-janashakthi-general-insurance

PINS valuation based on above transaction,

Rs 52.70. (23.95 * 2.2)

*The profitability of PINS is much higher than Janashakthi General at that time , hence valuation will be much higher than the above transaction. :fingers_crossed:

Ekanayake90 · 28 Re: PMB/PLC/PINS Sun Dec 04, 2022 11:43 am

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@K.R could you please upload,If you have any further data regarding Janashakthi - Allianz (Earnings, GWP ,etc) . Thanks.

K.R · 29 Re: PMB/PLC/PINS Sun Dec 04, 2022 8:00 pm

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Ekanayake90 wrote:@K.R could you please upload,If you have any further data regarding Janashakthi - Allianz (Earnings, GWP ,etc) . Thanks.

https://cdn.cse.lk/cmt/upload_report_file/841_1527505424980.05.18.pdf

K.R · 30 Re: PMB/PLC/PINS Wed Dec 07, 2022 4:19 pm

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SOE Restructuring - PINS valuation analysis

GOSL · 31 Re: PMB/PLC/PINS Thu Dec 08, 2022 6:47 pm

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K.R wrote:SOE Restructuring - PINS valuation analysis

Earnings Multiplier will be highly likely scenario.
*It will be at least 3X from CMP

NOTE _ PLC holds 75% of Pins.

ErangaDS · 32 Re: PMB/PLC/PINS Wed Jan 18, 2023 3:23 pm

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PLC has started moving with 6.5 Mn shares traded and hitting interday high Rs 5.70
Is restructuring moving PLC ?

Ekanayake90 · 33 Re: PMB/PLC/PINS Thu Jan 19, 2023 9:42 am

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ErangaDS wrote:PLC has started moving with 6.5 Mn shares traded and hitting interday high Rs 5.70
Is restructuring moving PLC ?

K.R · 34 Re: PMB/PLC/PINS Fri Jan 20, 2023 11:18 am

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PLC for the glory

K.R · 35 Re: PMB/PLC/PINS Tue Jan 31, 2023 7:02 pm

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K.R wrote:

K.R wrote:52 weeks

PLC 11.30
PMB 10.20
PINS 50

CMP

PLC 5.10
PMB 3.90
PINS 19.00

PLC is coming back to its former glory

PLC 7.0
PINS 20.50

K.R · 36 Re: PMB/PLC/PINS Tue Feb 21, 2023 12:27 pm

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K.R wrote:52 weeks

PLC 11.30
PMB 10.20
PINS 50

PLC (21/02/2023)

RS 7.5

Chanaka303 · 37 Re: PMB/PLC/PINS Wed Feb 22, 2023 9:41 am

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PINS or PLC
Which one has more potential?

ErangaDS · 38 Re: PMB/PLC/PINS Thu Feb 23, 2023 7:52 am

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Chanaka303 wrote:PINS or PLC
Which one has more potential?

I'm betting on Pins

1. Privatisation ( Its rumoured local party has an interest similar to AAIC)

2.Much less liquidity compared to PLC.

Ekanayake90 · 39 Re: PMB/PLC/PINS Fri Feb 24, 2023 10:00 am

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ErangaDS wrote:

Chanaka303 wrote:PINS or PLC
Which one has more potential?

I'm betting on Pins

1. Privatisation ( Its rumoured local party has an interest similar to AAIC)

2.Much less liquidity compared to PLC.

Agreed!

Further AAIC transaction will be a good indicator for Insurance Sector M/A valuations in SL.(adjustments has to be made for Life and General)
AAIC currently trading at 3.5 times of P/BV.
*Pins currently trading at 0.9 times of P/BV*