PIRAMAL GLASS CEYLON PLC (GLAS.N0000)

geesura wrote:

dayandacool wrote:

THASSIM wrote:

dayandacool wrote:

THASSIM wrote:

dayandacool wrote:

THASSIM wrote:Don't sell GLAS for anything below Rs 20/00

Great to see you are back  Mr.ASI 4800.This time with a positive attitude!!! Great in deed!!!

I accept I got it wrong. Some of the factors did not materialise as thought. If I get it right all the time, will I be here

Acceptance is in deed good. Non of us are perfect. But you are still giving us numbers without giving valid reasons. You do not have to be right all the time, but isn't it great if you could share us why you think, what you are thinking?

Black Stone (BS)  is buying Piramal Glass India (Parent company of CSEGlAS) 10X approx its equity value from Piramal Enterprise Ltd. Piramal Glass India delisted itself from the BSE and NSE in 2014 and it's last publicly available Financial Statements were for FY16 - therefore its value of equity was derived via extrapolating its 2016 equity value.

Just because CSEGLAS's parent change - The deal has nil short-term benefits to CSEGLAS. However, there is a school of thought the BS offer includes its subsidiaries Non-Controlling interest which will compel Piramal Glass India to offer a share buy-back to the shareholders of CSEGLAS.

When Primal Glass India was delisted in 2014, its parent Piramal Enterprise delisted the shares at a premium. BS is a private equity company - I believe they will be interested in the whole cake rather than a slice.

I respect your reasoning. I, like most feel that the selling of Parent in India won't have any significance to GLAS. Lets say that BS or Bain decided to acquire GLAS assets here by paying a "premium" as you mentioned.But will they pay more than double of it's trading price for it to reach 20 rs?? 

@Dayanandacool 
why are you thinking that the acquisition of Piramal Glass India by BLACKSTONE will not have any significance on GLAS?

I'm positive about the acquisition of Piramal glass by BLACKSTONE due to few reasons.
1.Blackstone Group is the largest alternative investment firm in the world. (assets under their management is $584bn which I see as a huge figure)and they are increasing further
2.As for my knowledge "IF" Blackstone buyout Piramal 
it will be the only glass manufacturing company 
under their control.
3.after the buyout PIRAMAL will be a USA brand with a new customer base in the USA (Piramal Ceylon is 1of its 4main manufacturing plant)I know they already have a manufacturing plant @USA which I think fulfills orders in the USA but will that be enough with the expected increased demand from the expected new customer base in the USA as well as in the world.
4.considering assets under their management I see BLACKSTONE as A good management (I don't know whether they will replace the Piramal management with their own or the same top management will continue)
5.AND Finally the GLAS VIAL demand(I know currently they are not producing glass vials in Sri Lankan plant, but the said they have the mold to produce if there is a big order )
I gave a phone call to them. I would appreciate if one of this forum members also recheck that info)

@dayandacool I'm waiting for your valuable response and if you see some negatives in this counter let us know them too. And also if I'm wrong please correct me.

I don't see 20 as a fair value for glass under current earnings.20 is overvalued for GLAS under current earnings

dayandacool wrote:

geesura wrote:

dayandacool wrote:

THASSIM wrote:

dayandacool wrote:

THASSIM wrote:

dayandacool wrote:

THASSIM wrote:Don't sell GLAS for anything below Rs 20/00

Great to see you are back  Mr.ASI 4800.This time with a positive attitude!!! Great in deed!!!

I accept I got it wrong. Some of the factors did not materialise as thought. If I get it right all the time, will I be here

Acceptance is in deed good. Non of us are perfect. But you are still giving us numbers without giving valid reasons. You do not have to be right all the time, but isn't it great if you could share us why you think, what you are thinking?

Black Stone (BS)  is buying Piramal Glass India (Parent company of CSEGlAS) 10X approx its equity value from Piramal Enterprise Ltd. Piramal Glass India delisted itself from the BSE and NSE in 2014 and it's last publicly available Financial Statements were for FY16 - therefore its value of equity was derived via extrapolating its 2016 equity value.

Just because CSEGLAS's parent change - The deal has nil short-term benefits to CSEGLAS. However, there is a school of thought the BS offer includes its subsidiaries Non-Controlling interest which will compel Piramal Glass India to offer a share buy-back to the shareholders of CSEGLAS.

When Primal Glass India was delisted in 2014, its parent Piramal Enterprise delisted the shares at a premium. BS is a private equity company - I believe they will be interested in the whole cake rather than a slice.

I respect your reasoning. I, like most feel that the selling of Parent in India won't have any significance to GLAS. Lets say that BS or Bain decided to acquire GLAS assets here by paying a "premium" as you mentioned.But will they pay more than double of it's trading price for it to reach 20 rs?? 

@Dayanandacool 
why are you thinking that the acquisition of Piramal Glass India by BLACKSTONE will not have any significance on GLAS?

I'm positive about the acquisition of Piramal glass by BLACKSTONE due to few reasons.
1.Blackstone Group is the largest alternative investment firm in the world. (assets under their management is $584bn which I see as a huge figure)and they are increasing further
2.As for my knowledge "IF" Blackstone buyout Piramal 
it will be the only glass manufacturing company 
under their control.
3.after the buyout PIRAMAL will be a USA brand with a new customer base in the USA (Piramal Ceylon is 1of its 4main manufacturing plant)I know they already have a manufacturing plant @USA which I think fulfills orders in the USA but will that be enough with the expected increased demand from the expected new customer base in the USA as well as in the world.
4.considering assets under their management I see BLACKSTONE as A good management (I don't know whether they will replace the Piramal management with their own or the same top management will continue)
5.AND Finally the GLAS VIAL demand(I know currently they are not producing glass vials in Sri Lankan plant, but the said they have the mold to produce if there is a big order )
I gave a phone call to them. I would appreciate if one of this forum members also recheck that info)

@dayandacool I'm waiting for your valuable response and if you see some negatives in this counter let us know them too. And also if I'm wrong please correct me.

I don't see 20 as a fair value for glass under current earnings.20 is overvalued for GLAS under current earnings

@geesura,

Your points are well noted. This is what I see when I check QR. earnings reported in QR2 is 0.38 rs. Lets assume that next 2 quarters equals Q2 or better at 0.4 rs, that would give us an annualized EPS of 1.18 rs. Coming to a value based on 10X PER ( 10 times is high for my liking as i believe buying should be based on 6X or less PER and selling has to be on 10X or higher PER) will get us 11.8 rs max.

Not to mention that trailing EPS is just 0.64 rs which is nearly half.

We have a living example when it comes to a selling of a foreign entity that does not record it's gains in local books. Yes, I'm talking about LOLC deal. Unlike Piramal which doesn't wholly own GLAS, LOLC International pvt ltd was a wholly owned subsidiary of LOLC. But we all saw how they declared the entire chunk of money from the sale in Cambodia worth 120 billion rs as NCI so conveniently. Why and how you think same accounting principles are not applicable here?

I'm not saying GLAS is bad. I'm saying on the basis of what I have gathered, that 20 rs for this is way too much and 10 rs could be something that I can be happy of but buying this now is something I won't do. It has appreciated close to 250% from October. Those who hold this could hold it for longer and see.

Only my 2 cents.

geesura wrote:

dayandacool wrote:

geesura wrote:

dayandacool wrote:

THASSIM wrote:

dayandacool wrote:

THASSIM wrote:

dayandacool wrote:

THASSIM wrote:Don't sell GLAS for anything below Rs 20/00

Great to see you are back  Mr.ASI 4800.This time with a positive attitude!!! Great in deed!!!

I accept I got it wrong. Some of the factors did not materialise as thought. If I get it right all the time, will I be here

Acceptance is in deed good. Non of us are perfect. But you are still giving us numbers without giving valid reasons. You do not have to be right all the time, but isn't it great if you could share us why you think, what you are thinking?

Black Stone (BS)  is buying Piramal Glass India (Parent company of CSEGlAS) 10X approx its equity value from Piramal Enterprise Ltd. Piramal Glass India delisted itself from the BSE and NSE in 2014 and it's last publicly available Financial Statements were for FY16 - therefore its value of equity was derived via extrapolating its 2016 equity value.

Just because CSEGLAS's parent change - The deal has nil short-term benefits to CSEGLAS. However, there is a school of thought the BS offer includes its subsidiaries Non-Controlling interest which will compel Piramal Glass India to offer a share buy-back to the shareholders of CSEGLAS.

When Primal Glass India was delisted in 2014, its parent Piramal Enterprise delisted the shares at a premium. BS is a private equity company - I believe they will be interested in the whole cake rather than a slice.

I respect your reasoning. I, like most feel that the selling of Parent in India won't have any significance to GLAS. Lets say that BS or Bain decided to acquire GLAS assets here by paying a "premium" as you mentioned.But will they pay more than double of it's trading price for it to reach 20 rs?? 

@Dayanandacool 
why are you thinking that the acquisition of Piramal Glass India by BLACKSTONE will not have any significance on GLAS?

I'm positive about the acquisition of Piramal glass by BLACKSTONE due to few reasons.
1.Blackstone Group is the largest alternative investment firm in the world. (assets under their management is $584bn which I see as a huge figure)and they are increasing further
2.As for my knowledge "IF" Blackstone buyout Piramal 
it will be the only glass manufacturing company 
under their control.
3.after the buyout PIRAMAL will be a USA brand with a new customer base in the USA (Piramal Ceylon is 1of its 4main manufacturing plant)I know they already have a manufacturing plant @USA which I think fulfills orders in the USA but will that be enough with the expected increased demand from the expected new customer base in the USA as well as in the world.
4.considering assets under their management I see BLACKSTONE as A good management (I don't know whether they will replace the Piramal management with their own or the same top management will continue)
5.AND Finally the GLAS VIAL demand(I know currently they are not producing glass vials in Sri Lankan plant, but the said they have the mold to produce if there is a big order )
I gave a phone call to them. I would appreciate if one of this forum members also recheck that info)

@dayandacool I'm waiting for your valuable response and if you see some negatives in this counter let us know them too. And also if I'm wrong please correct me.

I don't see 20 as a fair value for glass under current earnings.20 is overvalued for GLAS under current earnings

@geesura,

Your points are well noted. This is what I see when I check QR. earnings reported in QR2 is 0.38 rs. Lets assume that next 2 quarters equals Q2 or better at 0.4 rs, that would give us an annualized EPS of 1.18 rs. Coming to a value based on 10X PER ( 10 times is high for my liking as i believe buying should be based on 6X or less PER and selling has to be on 10X or higher PER) will get us 11.8 rs max.

Not to mention that trailing EPS is just 0.64 rs which is nearly half.

We have a living example when it comes to a selling of a foreign entity that does not record it's gains in local books. Yes, I'm talking about LOLC deal. Unlike Piramal which doesn't wholly own GLAS, LOLC International pvt ltd was a wholly owned subsidiary of LOLC. But we all saw how they declared the entire chunk of money from the sale in Cambodia worth 120 billion rs as NCI so conveniently. Why and how you think same accounting principles are not applicable here?

I'm not saying GLAS is bad. I'm saying on the basis of what I have gathered, that 20 rs for this is way too much and 10 rs could be something that I can be happy of but buying this now is something I won't do. It has appreciated close to 250% from October. Those who hold this could hold it for longer and see.

Only my 2 cents.

yeah RS.20 is just the number he popped without giving any reason. I can say GLAS can go to 100 but we all know it won't happen. anyway, I agree with you 20 is not a fair value to Glass. But what about 14? or 15.

thanks for your reply

dayandacool wrote:

THASSIM wrote:

dayandacool wrote:

THASSIM wrote:

dayandacool wrote:

THASSIM wrote:Don't sell GLAS for anything below Rs 20/00

Great to see you are back  Mr.ASI 4800.This time with a positive attitude!!! Great in deed!!!

I accept I got it wrong. Some of the factors did not materialise as thought. If I get it right all the time, will I be here

Acceptance is in deed good. Non of us are perfect. But you are still giving us numbers without giving valid reasons. You do not have to be right all the time, but isn't it great if you could share us why you think, what you are thinking?

Black Stone (BS)  is buying Piramal Glass India (Parent company of CSEGlAS) 10X approx its equity value from Piramal Enterprise Ltd. Piramal Glass India delisted itself from the BSE and NSE in 2014 and it's last publicly available Financial Statements were for FY16 - therefore its value of equity was derived via extrapolating its 2016 equity value.

Just because CSEGLAS's parent change - The deal has nil short-term benefits to CSEGLAS. However, there is a school of thought the BS offer includes its subsidiaries Non-Controlling interest which will compel Piramal Glass India to offer a share buy-back to the shareholders of CSEGLAS.

When Primal Glass India was delisted in 2014, its parent Piramal Enterprise delisted the shares at a premium. BS is a private equity company - I believe they will be interested in the whole cake rather than a slice.

I respect your reasoning. I, like most feel that the selling of Parent in India won't have any significance to GLAS. Lets say that BS or Bain decided to acquire GLAS assets here by paying a "premium" as you mentioned.But will they pay more than double of it's trading price for it to reach 20 rs?? 

THASSIM wrote:

dayandacool wrote:

THASSIM wrote:

dayandacool wrote:

THASSIM wrote:

dayandacool wrote:

THASSIM wrote:Don't sell GLAS for anything below Rs 20/00

Great to see you are back  Mr.ASI 4800.This time with a positive attitude!!! Great in deed!!!

I accept I got it wrong. Some of the factors did not materialise as thought. If I get it right all the time, will I be here

Acceptance is in deed good. Non of us are perfect. But you are still giving us numbers without giving valid reasons. You do not have to be right all the time, but isn't it great if you could share us why you think, what you are thinking?

Black Stone (BS)  is buying Piramal Glass India (Parent company of CSEGlAS) 10X approx its equity value from Piramal Enterprise Ltd. Piramal Glass India delisted itself from the BSE and NSE in 2014 and it's last publicly available Financial Statements were for FY16 - therefore its value of equity was derived via extrapolating its 2016 equity value.

Just because CSEGLAS's parent change - The deal has nil short-term benefits to CSEGLAS. However, there is a school of thought the BS offer includes its subsidiaries Non-Controlling interest which will compel Piramal Glass India to offer a share buy-back to the shareholders of CSEGLAS.

When Primal Glass India was delisted in 2014, its parent Piramal Enterprise delisted the shares at a premium. BS is a private equity company - I believe they will be interested in the whole cake rather than a slice.

I respect your reasoning. I, like most feel that the selling of Parent in India won't have any significance to GLAS. Lets say that BS or Bain decided to acquire GLAS assets here by paying a "premium" as you mentioned.But will they pay more than double of it's trading price for it to reach 20 rs?? 

10x GLAS's NAV is Rs 50

Piramal Enterprise Delisted PIRGLASS (India) as 2x (Exit Price) and paid 3.5x at courts for residual shareholders who did not exit at 2x.

GLAS is trading at Rs 9/00 and there is shift of it's shares from investors who held them for short term previously to Institutional Investors who is looking at it for long term.

Time will tell - I may be wrong on this but this is my thought process.

dayandacool wrote:

THASSIM wrote:

dayandacool wrote:

THASSIM wrote:

dayandacool wrote:

THASSIM wrote:

dayandacool wrote:

THASSIM wrote:Don't sell GLAS for anything below Rs 20/00

Great to see you are back  Mr.ASI 4800.This time with a positive attitude!!! Great in deed!!!

I accept I got it wrong. Some of the factors did not materialise as thought. If I get it right all the time, will I be here

Acceptance is in deed good. Non of us are perfect. But you are still giving us numbers without giving valid reasons. You do not have to be right all the time, but isn't it great if you could share us why you think, what you are thinking?

Black Stone (BS)  is buying Piramal Glass India (Parent company of CSEGlAS) 10X approx its equity value from Piramal Enterprise Ltd. Piramal Glass India delisted itself from the BSE and NSE in 2014 and it's last publicly available Financial Statements were for FY16 - therefore its value of equity was derived via extrapolating its 2016 equity value.

Just because CSEGLAS's parent change - The deal has nil short-term benefits to CSEGLAS. However, there is a school of thought the BS offer includes its subsidiaries Non-Controlling interest which will compel Piramal Glass India to offer a share buy-back to the shareholders of CSEGLAS.

When Primal Glass India was delisted in 2014, its parent Piramal Enterprise delisted the shares at a premium. BS is a private equity company - I believe they will be interested in the whole cake rather than a slice.

I respect your reasoning. I, like most feel that the selling of Parent in India won't have any significance to GLAS. Lets say that BS or Bain decided to acquire GLAS assets here by paying a "premium" as you mentioned.But will they pay more than double of it's trading price for it to reach 20 rs?? 

10x GLAS's NAV is Rs 50

Piramal Enterprise Delisted PIRGLASS (India) as 2x (Exit Price) and paid 3.5x at courts for residual shareholders who did not exit at 2x.

GLAS is trading at Rs 9/00 and there is shift of it's shares from investors who held them for short term previously to Institutional Investors who is looking at it for long term.

Time will tell - I may be wrong on this but this is my thought process.

I'm sure sharing your thought process is highly appreciated by all those who are interested in GLAS.  Yes, Time will tell!!!

geesura wrote:

dayandacool wrote:

THASSIM wrote:

dayandacool wrote:

THASSIM wrote:

dayandacool wrote:

THASSIM wrote:

dayandacool wrote:

THASSIM wrote:Don't sell GLAS for anything below Rs 20/00

Great to see you are back  Mr.ASI 4800.This time with a positive attitude!!! Great in deed!!!

I accept I got it wrong. Some of the factors did not materialise as thought. If I get it right all the time, will I be here

Acceptance is in deed good. Non of us are perfect. But you are still giving us numbers without giving valid reasons. You do not have to be right all the time, but isn't it great if you could share us why you think, what you are thinking?

Black Stone (BS)  is buying Piramal Glass India (Parent company of CSEGlAS) 10X approx its equity value from Piramal Enterprise Ltd. Piramal Glass India delisted itself from the BSE and NSE in 2014 and it's last publicly available Financial Statements were for FY16 - therefore its value of equity was derived via extrapolating its 2016 equity value.

Just because CSEGLAS's parent change - The deal has nil short-term benefits to CSEGLAS. However, there is a school of thought the BS offer includes its subsidiaries Non-Controlling interest which will compel Piramal Glass India to offer a share buy-back to the shareholders of CSEGLAS.

When Primal Glass India was delisted in 2014, its parent Piramal Enterprise delisted the shares at a premium. BS is a private equity company - I believe they will be interested in the whole cake rather than a slice.

I respect your reasoning. I, like most feel that the selling of Parent in India won't have any significance to GLAS. Lets say that BS or Bain decided to acquire GLAS assets here by paying a "premium" as you mentioned.But will they pay more than double of it's trading price for it to reach 20 rs?? 

10x GLAS's NAV is Rs 50

Piramal Enterprise Delisted PIRGLASS (India) as 2x (Exit Price) and paid 3.5x at courts for residual shareholders who did not exit at 2x.

GLAS is trading at Rs 9/00 and there is shift of it's shares from investors who held them for short term previously to Institutional Investors who is looking at it for long term.

Time will tell - I may be wrong on this but this is my thought process.

I'm sure sharing your thought process is highly appreciated by all those who are interested in GLAS.  Yes, Time will tell!!!

not by " ALL"

Winner123 wrote:Some people think bil will give a higher return. So people sell glass and buy bil.

geesura wrote:

Winner123 wrote:Some people think bil will give a higher return. So people sell glass and buy bil.

They will end up losing their money for sure. this stock was trading @2-2.5 for about months those who collected at that time will dump on retailers especially newcomers. then those who bought higher will blame the game.

Pradeep90 wrote:If ayurvedic medicine success for covid, it will be good for glass.

Bu1980 wrote:What’s the price you’ll expecting with two digit?

Winner123 wrote:When deal is confirmed (usd 1b) or little less glass.n will shoot towards 13-15 range as per the valuations.

invest thinker wrote:GLAS 3rd qtr financial on the way. this time also delivers brilliant performance. players are coming to collect before the end of December. since 1st of January, Govt. ban plastic and will be benefited to GLAS. 
positive news on the way including dividend also. as I earlier highlighted, GLAS no more Indian Co. It's USA and definitely they will buyback shares with higher premium. because of, they 100% acquired (India & USA) entire GLAS holdings except Sri Lanka (56%). 

hold until claim your entire bonanza.
Happy trade with GLAS.

invest thinker wrote:GLAS 3rd qtr financial on the way. this time also delivers brilliant performance. players are coming to collect before the end of December. since 1st of January, Govt. ban plastic and will be benefited to GLAS. 
positive news on the way including dividend also. as I earlier highlighted, GLAS no more Indian Co. It's USA and definitely they will buyback shares with higher premium. because of, they 100% acquired (India & USA) entire GLAS holdings except Sri Lanka (56%). 

hold until claim your entire bonanza.
Happy trade with GLAS.

shihan 93 wrote:

invest thinker wrote:GLAS 3rd qtr financial on the way. this time also delivers brilliant performance. players are coming to collect before the end of December. since 1st of January, Govt. ban plastic and will be benefited to GLAS. 
positive news on the way including dividend also. as I earlier highlighted, GLAS no more Indian Co. It's USA and definitely they will buyback shares with higher premium. because of, they 100% acquired (India & USA) entire GLAS holdings except Sri Lanka (56%). 

hold until claim your entire bonanza.
Happy trade with GLAS.

@invest Thinker Can you share where you found "acquired (India & USA) entire GLAS holdings except Sri Lanka (56%).  " Because we also do research in official statement it says , USA, India and Sri Lanka

VS wrote:i hope that it will break 9.2 today