Textured Jersey Lanka Ltd. & Abans Financial Services Ltd. IPOs

ishanka

ishanka

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Hi,
anyone can tell about Textured Jersey Lanka Ltd. & Abans Financial Services Ltd. IPOs.because im a new one for this field.
Thanx Smile

rijayasooriya

rijayasooriya

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ishanka wrote:Hi,
anyone can tell about Textured Jersey Lanka Ltd. & Abans Financial Services Ltd. IPOs.because im a new one for this field.
Thanx

Textured Jersy Lanka is IPO.They it is fairly valued good IPO.But we are waiting for prospectus which will be available from 27th June on cse.lk.
Abans Financial services is not an IPO. It comes as an Introduction.U can not apply shares before hand.U can buy shares from the market.But my advice is u should wait till the share is consolidated in the market.

investor.sl

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TJ prospectus is available at CSE web site.
http://cse.lk/270808/pdf/22_06_2011_TJLL_Pros.pdf

rijayasooriya

rijayasooriya

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investor.sl wrote:TJ prospectus is available at CSE web site.
http://cse.lk/270808/pdf/22_06_2011_TJLL_Pros.pdf

Thanks for mentioning buddy.

ishanka

ishanka

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Thanx dear

rijayasooriya wrote:

ishanka wrote:Hi,
anyone can tell about Textured Jersey Lanka Ltd. & Abans Financial Services Ltd. IPOs.because im a new one for this field.
Thanx

Textured Jersy Lanka is IPO.They it is fairly valued good IPO.But we are waiting for prospectus which will be available from 27th June on cse.lk.
Abans Financial services is not an IPO. It comes as an Introduction.U can not apply shares before hand.U can buy shares from the market.But my advice is u should wait till the share is consolidated in the market.

econ

econ

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Although textured jersy is a good company, for me too much risk involve in the company.
First, it is a fabric manufacture but main raw materials(cotton yarn) is imported from China and other countries. Cotton prices have been increasing day by day. So the cost of raw materials are also incrasing.
Second, fabric industry is highly competitive . many devloping country companies are competing with each other.
Third, this sector is always vulnarable to global recession conditions and exchange rate volatility.
Forth, growth prosepect is relatively low compare to other latest IPOs listed in the cse.

Belgrade

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Well Econ, now the trend is that cotton prices are going down like hell, TJ is very competitive and they have been doing well in Sl market after pacific merger!

econ

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Belgrade wrote:Well Econ, now the trend is that cotton prices are going down like hell, TJ is very competitive and they have been doing well in Sl market after pacific merger!

ok thanks. I did not follow the current trend of cotton yarn. but according to the prospectus we can see yarn prices had been continously increased in 2010.
First, I thought they use Sri Lankan cotton but seems that they have to import it from other countries so they always vulnurable for many outside risks which they can not control.
Thats why I am not too optimastic about this company. compare to this company other IPOs may be less risky.

Rajitha

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Can some one please analyse the TJ prospectus and post key findings! A tad too busy these days ( and 2 lazy )! Really appreciate it!

suja

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Based on auditors statements the earnings is Rs.4.3 and the PBV is at Rs.18 is this correct?

If so this is a superb buy

Rajitha

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suja wrote:Based on auditors statements the earnings is Rs.4.3 and the PBV is at Rs.18 is this correct?

If so this is a superb buy

those can be before the IPO + Private placement shares being added in btw!

tkc

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Rajitha wrote:

suja wrote:Based on auditors statements the earnings is Rs.4.3 and the PBV is at Rs.18 is this correct?

If so this is a superb buy

those can be before the IPO + Private placement shares being added in btw!

yes! it should be !

xhora

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how can we forget the exchange rate when considering Textile companies where there main income source is from foreign currency.

So appreciation of LKR against USD would not help them.

Paypal

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xhora wrote:how can we forget the exchange rate when considering Textile companies where there main income source is from foreign currency.

So appreciation of LKR against USD would not help them.

Then what do you think about plantation sector... Question

xhora

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in plantation prices of rubber and tea has gone up more than enough to cover their exchange losses but i doubt that peice of underwear has significant increase in price these days Very Happy

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Textured Jersey Lanka Ltd. & Abans Financial Services Ltd. IPOs

1 Textured Jersey Lanka Ltd. & Abans Financial Services Ltd. IPOs Thu Jun 23, 2011 12:17 pm

ishanka

2 Re: Textured Jersey Lanka Ltd. & Abans Financial Services Ltd. IPOs Thu Jun 23, 2011 12:44 pm

rijayasooriya

3 Re: Textured Jersey Lanka Ltd. & Abans Financial Services Ltd. IPOs Thu Jun 23, 2011 1:08 pm

investor.sl

4 Re: Textured Jersey Lanka Ltd. & Abans Financial Services Ltd. IPOs Thu Jun 23, 2011 1:42 pm

rijayasooriya

5 Re: Textured Jersey Lanka Ltd. & Abans Financial Services Ltd. IPOs Thu Jun 23, 2011 1:51 pm

ishanka

6 Re: Textured Jersey Lanka Ltd. & Abans Financial Services Ltd. IPOs Thu Jun 23, 2011 3:02 pm

econ

7 Re: Textured Jersey Lanka Ltd. & Abans Financial Services Ltd. IPOs Thu Jun 23, 2011 3:06 pm

Belgrade

8 Re: Textured Jersey Lanka Ltd. & Abans Financial Services Ltd. IPOs Thu Jun 23, 2011 3:11 pm

econ

9 Re: Textured Jersey Lanka Ltd. & Abans Financial Services Ltd. IPOs Thu Jun 23, 2011 3:43 pm

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10 Re: Textured Jersey Lanka Ltd. & Abans Financial Services Ltd. IPOs Thu Jun 23, 2011 4:34 pm

suja

11 Re: Textured Jersey Lanka Ltd. & Abans Financial Services Ltd. IPOs Thu Jun 23, 2011 7:18 pm

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12 Re: Textured Jersey Lanka Ltd. & Abans Financial Services Ltd. IPOs Thu Jun 23, 2011 8:06 pm

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13 Re: Textured Jersey Lanka Ltd. & Abans Financial Services Ltd. IPOs Fri Jun 24, 2011 12:42 am

xhora

14 Re: Textured Jersey Lanka Ltd. & Abans Financial Services Ltd. IPOs Fri Jun 24, 2011 12:50 am

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15 Re: Textured Jersey Lanka Ltd. & Abans Financial Services Ltd. IPOs Fri Jun 24, 2011 12:57 am

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