Less number of application for Vallibal One

A broker from CT smith told that there is less number of application(1/4 of UBC) for Vallibal One....?
Anyone have idea....?

rijayasooriya wrote:A broker from CT smith told that there is less number of application(1/4 of UBC) for Vallibal One....?
Anyone have idea....?

No point of comparing no of applications...check for number of shares subscription...! & not, All have not submitted their applications yet, was waiting till tomorrow as the Issuer has the priviladge to amend the Prospectus till today afternoon....! I alone apply in multiple applications in different CDS accounts & will be submitted tomorrow ( through Relatives A/cs)...& today is the last day for collection of employee subscription applications ( as I had info from Sampath almost all employees are applying & the lowest was around 500 number of shares as I heard, then LFIN RCL, VFIN..etc etc) so just see the number of applications & total number of over subscription tomorrow afternoon...! VONE will be a winning One...!

RIO wrote:

rijayasooriya wrote:A broker from CT smith told that there is less number of application(1/4 of UBC) for Vallibal One....?
Anyone have idea....?

No point of comparing no of applications...check for number of shares subscription...! & not, All have not submitted their applications yet, was waiting till tomorrow as the Issuer has the priviladge to amend the Prospectus till today afternoon....! I alone apply in multiple applications in different CDS accounts & will be submitted tomorrow ( through Relatives A/cs)...& today is the last day for collection of employee subscription applications ( as I had info from Sampath almost all employees are applying & the lowest was around 500 number of shares as I heard, then LFIN RCL, VFIN..etc etc) so just see the number of applications & total number of over subscription tomorrow afternoon...! VONE will be a winning One...!

This will be massively oversubscriped.....Then number of application will be main decisive factor for minimum amount offered.....That is what I am looking for

1/4 of UBC is an extremely large number.
and it maybe from only that broker's clients

npp wrote:1/4 of UBC is an extremely large number.
and it maybe from only that broker's clients

I mean 1/4 of UBC applications which is around 15000.....I am sure that CT smith has not got such number of clients.

DEAR FRIENDS, No question about it. This will be oversubscribed heavily.
Many superb companies including RCL,LFIN,VALIBEL F,VALIBEL POWER, AMAYA and DELMAGE too come under this Holding and therefore very much attractive.

I wonder if there will be any advantage when applied in employee category. There are many employees (SAMP, LFIN, RCL) come under employee category and only 10% is allocated for them. when as retailers get 40%. But last time for UBC only arond 350 employees apply as i remember.

may be it is true. because ordinery people are not familier with the name of vallibelone. unionbank or softlogic are known by many people compare with vallibelone.

Hay all...

I wonder about poor CT smith Broker... Dont you forget that Mr d Perera is owning & playing major part of this share.!! .... will see what will happen...

Good Luck

A newspaper advertisement by vallibel one in todays paper says its oversubscribed.

rijayasooriya wrote:
This will be massively oversubscriped.....Then number of application will be main decisive factor for minimum amount offered.....That is what I am looking for

Brother you have smistaken...No ..number of applicatuions are not subjected for the % of allotment of shares...the Total Number of shares applied under each catogery is the factor considered for deciding the % of share allocation....

Does the private placement goes under 'lock in rule'?

stoka wrote:Does the private placement goes under 'lock in rule'?

No...its not under Lock in Rule...

RIO wrote:

rijayasooriya wrote:
This will be massively oversubscriped.....Then number of application will be main decisive factor for minimum amount offered.....That is what I am looking for

Brother you have smistaken...No ..number of applicatuions are not subjected for the % of allotment of shares...the Total Number of shares applied under each catogery is the factor considered for deciding the % of share allocation....

Still u can't take get my point friend.....I am talking about minimum amount offered.....
If there is 60000 applications most probably we will get 100 shares...but if it is 15000 applications minimum amount MAY BE 200 or 300.

rijayasooriya wrote:

RIO wrote:

rijayasooriya wrote:
This will be massively oversubscriped.....Then number of application will be main decisive factor for minimum amount offered.....That is what I am looking for

Brother you have smistaken...No ..number of applicatuions are not subjected for the % of allotment of shares...the Total Number of shares applied under each catogery is the factor considered for deciding the % of share allocation....

Still u can't take get my point friend.....I am talking about minimum amount offered.....
If there is 60000 applications most probably we will get 100 shares...but if it is 15000 applications minimum amount MAY BE 200 or 300.

Oki....I like to learn your new system of allocation...

Say an IPO for 20,000 shares & received 5 applications as follows
1 - 2000
2 - 2000
3 - 3000
4 - 5000
5 - 8000

Pls explain your calc marvels....! the minimum allotments depending Number of applications as you firmly says...

Offer 20,000 /5 applications = 4000 minimum....!

well can I make a point here.

I guess everybody knows that VONE will be oversubscribed heavily and no one to get more than 100 shares. So without doing any fancy work collecting from the secondary market is the best option for a real investor.

I went to PABC today,oh there was people with bundles of applications.......
seems i would be unable to get my quota in full

one of a new strategy of our lankan companies is to give small number of shares to retailers at IPO and give large quantitiies as PP before the IPO.
then they can increase the demand for shares and get massive profit by selling thier holdings at the initial day.
this ia another good example of exploiting retailers by lankan big companies.

Why SEC do not take anything regarding the number of shares companies offer at IPO and PP before the IPO?

econ wrote:one of a new strategy of our lankan companies is to give small number of shares to retailers at IPO and give large quantitiies as PP before the IPO.
then they can increase the demand for shares and get massive profit by selling thier holdings at the initial day.
this ia another good example of exploiting retailers by lankan big companies.

Why SEC do not take anything regarding the number of shares companies offer at IPO and PP before the IPO?

exactly........agree,in any IPO even in soflogic or expo,if you can issue limited number of shares,then price will fly in first day trading.its all depending on liquidity,see ppl wont get much on VOL,so prices will fly........

mark wrote:

econ wrote:one of a new strategy of our lankan companies is to give small number of shares to retailers at IPO and give large quantitiies as PP before the IPO.
then they can increase the demand for shares and get massive profit by selling thier holdings at the initial day.
this ia another good example of exploiting retailers by lankan big companies.

Why SEC do not take anything regarding the number of shares companies offer at IPO and PP before the IPO?

exactly........agree,in any IPO even in soflogic or expo,if you can issue limited number of shares,then price will fly in first day trading.its all depending on liquidity,see ppl wont get much on VOL,so prices will fly........

Being a bank, and with 100 shares to most of the small fella, UBC didnt run as expected so I dont think its the number that counts, its the ability of the big fellas to push up the price for them to drop on poor retailers.
Surely we all will sell this with a 25% gain even cuz we're getting very smaaaaaalllllllll amt, then big fella will buy from us and sell it even higher.. Thinking that it wud go more we'll buy again.. and the rest of the story is cyclical

smallville wrote:

mark wrote:

econ wrote:one of a new strategy of our lankan companies is to give small number of shares to retailers at IPO and give large quantitiies as PP before the IPO.
then they can increase the demand for shares and get massive profit by selling thier holdings at the initial day.
this ia another good example of exploiting retailers by lankan big companies.

Why SEC do not take anything regarding the number of shares companies offer at IPO and PP before the IPO?

exactly........agree,in any IPO even in soflogic or expo,if you can issue limited number of shares,then price will fly in first day trading.its all depending on liquidity,see ppl wont get much on VOL,so prices will fly........

Being a bank, and with 100 shares to most of the small fella, UBC didnt run as expected so I dont think its the number that counts, its the ability of the big fellas to push up the price for them to drop on poor retailers.
Surely we all will sell this with a 25% gain even cuz we're getting very smaaaaaalllllllll amt, then big fella will buy from us and sell it even higher.. Thinking that it wud go more we'll buy again.. and the rest of the story is cyclical

UBC started at 45 . price increase from 25 to 45 just because of small quantity they issue at IPO.then big fellows sold it with a massive profit. prices come down due to that.
same thing may happen with vallibel. then big guys can sell thier large quantities at higher price than IPO price.
regulators should regulate the number of shares that issue in the private placements and IPO. there should be fair allocation between private placement and IPO.

these big fellows try to create artificial demand for their shares and earn massive profit at initial day of IPO using this private placements.

i even did not try to lock my money for two weeks it is better to buy from secondary market May 2012

econ wrote:

smallville wrote:

mark wrote:

econ wrote:one of a new strategy of our lankan companies is to give small number of shares to retailers at IPO and give large quantitiies as PP before the IPO.
then they can increase the demand for shares and get massive profit by selling thier holdings at the initial day.
this ia another good example of exploiting retailers by lankan big companies.

Why SEC do not take anything regarding the number of shares companies offer at IPO and PP before the IPO?

exactly........agree,in any IPO even in soflogic or expo,if you can issue limited number of shares,then price will fly in first day trading.its all depending on liquidity,see ppl wont get much on VOL,so prices will fly........

Being a bank, and with 100 shares to most of the small fella, UBC didnt run as expected so I dont think its the number that counts, its the ability of the big fellas to push up the price for them to drop on poor retailers.
Surely we all will sell this with a 25% gain even cuz we're getting very smaaaaaalllllllll amt, then big fella will buy from us and sell it even higher.. Thinking that it wud go more we'll buy again.. and the rest of the story is cyclical

UBC started at 45 . price increase from 25 to 45 just because of small quantity they issue at IPO.then big fellows sold it with a massive profit. prices come down due to that.
same thing may happen with vallibel. then big guys can sell thier large quantities at higher price than IPO price.
regulators should regulate the number of shares that issue in the private placements and IPO. there should be fair allocation between private placement and IPO.

these big fellows try to create artificial demand for their shares and earn massive profit at initial day of IPO using this private placements.

I believe that most of the retailers applied for 500 or below thinking that they will not receive even what they applied, but I had a different idea an applied for 4000 shares in my personal account and another 500x2 using my relatives accounts (You may ask why I did not split 5000 evenly(rounded as necessary) between three accounts-simple answer is other two accounts are maintained only with IPO shares with long term perspective, therefore I do not like to tie much cash up there).

My view is based on following things;
1. Most of the retailers are not familiar with VOne name;
2. Most of them are not from Colombo and support above 1;
3. Most retailers have no free cash flow to apply for IPOs as there losses are mounting due to the decreasing value of their portfolios;
4. Retailers expect to get first day gains and recent experience are not good;
5. Browns is more known to retailers from outside Colombo and Rs 5 is preferred to Rs 25.
6. Retailers can apply for 5 times more from Browns and risk of loosing on the first day is lesser.
8. Browns offer 2.5 times shares.

Due to these reasons I am confident that I will receive above 3000 shares.

Hiru wrote:I believe that most of the retailers applied for 500 or below thinking that they will not receive even what they applied, but I had a different idea an applied for 4000 shares in my personal account and another 500x2 using my relatives accounts (You may ask why I did not split 5000 evenly(rounded as necessary) between three accounts-simple answer is other two accounts are maintained only with IPO shares with long term perspective, therefore I do not like to tie much cash up there).

My view is based on following things;
1. Most of the retailers are not familiar with VOne name;
2. Most of them are not from Colombo and support above 1;
3. Most retailers have no free cash flow to apply for IPOs as there losses are mounting due to the decreasing value of their portfolios;
4. Retailers expect to get first day gains and recent experience are not good;
5. Browns is more known to retailers from outside Colombo and Rs 5 is preferred to Rs 25.
6. Retailers can apply for 5 times more from Browns and risk of loosing on the first day is lesser.
8. Browns offer 2.5 times shares.

Due to these reasons I am confident that I will receive above 3000 shares.

Good acceptable reasoning (+ rep). One addition, if you exceed 4000 , you will be in non-retail category. This was a concern for some. What do you think?