FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Misuse of government property by Royal Colombo Golf Club
by ChooBoy Yesterday at 12:52 pm

» SL Cauvery and Mannar Basins Petroleum Resource Data Revealed
by samaritan Yesterday at 12:00 pm

» Expolanka to continue its winning streak
by samaritan Yesterday at 10:39 am

» Container shipping stocks routed
by target1 Fri Jun 24, 2022 1:32 pm

» Supply Chain Latest: Ocean Freight Rates Are Falling
by target1 Fri Jun 24, 2022 1:26 pm

» Turkish ship leaves Ukraine's Mariupol after grain talks with Moscow
by target1 Fri Jun 24, 2022 11:29 am

» This week's CBOT corn, soy freefalls hard to match in recent years
by target1 Fri Jun 24, 2022 9:57 am

» Positive news to boost market sentiment
by samaritan Fri Jun 24, 2022 9:52 am

» Maharaja at IMF meeting
by Maharaja Thu Jun 23, 2022 10:35 pm

» Why no power cuts in certain areas of Colombo?
by samaritan Thu Jun 23, 2022 5:44 pm

» India assures fullest support to Sri Lanka as a close friend
by samaritan Thu Jun 23, 2022 5:17 pm

» SINS, SAMP, COMB, PARQ, ALUMEX and AEL - are they good shares to start collecting now?
by surfjj Thu Jun 23, 2022 4:25 pm

» Learn how a fixed exchange rate system can be used to reduce inflation.
by target1 Thu Jun 23, 2022 3:35 pm

» Debt Crisis: Sri Lanka Vs Argentine
by CHRONICLE™ Thu Jun 23, 2022 8:17 am

» Sri Lanka in state of panic 1 month after sovereign default
by reyaz Tue Jun 21, 2022 5:23 pm

» Financial stability - we are at the crossroads.
by sheildskye Tue Jun 21, 2022 2:17 pm

» Shrinkflation: Is it ethical?
by sheildskye Tue Jun 21, 2022 2:05 pm

» Banking bullish billionaire Ishara expands footprint
by samaritan Tue Jun 21, 2022 10:58 am

» SL hopes to finalize a staff level program with IMF soon-RW
by samaritan Tue Jun 21, 2022 9:48 am

» Sri Lanka Stock Market heading toward ASPI 4500
by samaritan Tue Jun 21, 2022 9:29 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » PIRAMAL GLASS CEYLON PLC (GLAS.N0000)

PIRAMAL GLASS CEYLON PLC (GLAS.N0000)

+152
SHL
dinsan123
spksd
glad
Agape
Invest2020
Raymond
jason12
jmnaleem
100Bill
Promoney
ronstyn53
Karthick
IDK
st clair's
Wickyz
GLAS.N0000
Winner123
THASSIM
Bakkabwoi
gayanhdd
Kanishka_2020
MR.T5n
Bu1980
hanuma
kumarweerarathne
vikiperera
kalyana1234
ru1ru1
Venu123
wealth123
Enoka Fernandez
Dilendra23
Accountant
CSEdeSILVA
geesura
subash81
Vishwanarth
VS
invest thinker
xhora
Vish
tata
kottuwa
Hairoos
INDY 500
lal62
sameeramax
vijay singh
KingMaker2020
nish84
sanjulanka
MaJa
DamithAsian
Real_Investor
DOCSAGENCY
Invest-Wise
RJ1010
FireandWater
sapumal 123
Chithi
Kasun1976
කොටස් වෙළඳපොළ2020
shihan 93
C.THARANGA
jaya
ThivankS
abey
bonbon
SL-INVESTOR
Gunther
LEO55
DimuthuKW
nkbakon
dayandacool
chanakast
Rizna
praveen11
Win Win
suku502
Bish2020
pra4u
thananjey
Love Boy
ONTHEMONEY
Captain
thirucumaran
Hope123
shakthi1974
Mr. X
thankrishan
svkiruba8@gmail.com
Junior investor
Pradeep90
Jay-Jay
judecroos
Mithooshan
soileconomy
ishan.mindika@gmail.com
SUSPENS
spindain
Eranga87
cseguide
Nandun
Ruwan925
kalu351
Master D
Eugine Fernando
KavinduTM
engineer
ChooBoy
Thushara Ayya
wisdom79
Mr-Star
nuwanmja
INVESTCSE
NANDANA2012
KOLAA
ThilinaM
samaritan
Teller
Sanju121
Soilconomy
dilshangac
hettdas
Child
hiransilva23
nimantha80
EquityChamp
tharindufit
ChateauC
Sisivitha
Invest_Wisely
SLFINANCEWATCH
puliyanam
zoozzoo
opfdo
RPPA
Market R
surenme
stockback
janakatk
ASjay
TanTan
NZ BOY
gayanath1983
kuma524
schemer
eroshans
chinthaka22
SHARK aka TAH
NC
156 posters

Go to page : Previous  1 ... 20 ... 36, 37, 38, 39, 40  Next

Go down  Message [Page 37 of 40]

901PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sat Dec 12, 2020 2:09 pm

Nandun


Manager - Equity Analytics
Manager - Equity Analytics

Eranga87 wrote:Glas no.of share = 950,086,080

Enterprise Value (EV)


Market capitalization = 8,265,748,200

Total debt               = 3,227,815,000

Cash                       =   (174,750,000)

EV                          =11,318,813,200

EV of per share         =Rs.11.91

EV portion for Piramal = 6,389,470,051.40 (a)

Acquisition Enterprice

value consideration


purchase consideration= 5,166,000,000 INR

Conversion rate          = RS.2.52

SPA payment              = Rs.13,018,320,000 (b)


SPA PMT Times            = 2.03 times (a/b)



Piramal Pvt Ltd was received INR 5 billion on behalf of 536,331,880 no. of shares.  they still not liable for the settlement of any debt. BLACKSTONE value the whole EV of SL Piramal Glas PLC and paid INR 5Billion for majority shareholder 56.45% Indian Piramal Pvt entity. considering this, BS paid 2.03 times enterprise value. that means, Rs.11.91*2.03 = Rs.24.27
Are you sure about debt and cash figures? Suspect

Eranga87 likes this post

902PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sat Dec 12, 2020 3:27 pm

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

vijay singh wrote:how poor financial literacy, trusting upon Some of research unsound calculation people panic and sold out valuable things. within 1 minute they calculate and distribute their wrongful share calculation. trusting this, people panic and big players are collecting. try to understand hidden agenda. each researcher revised TPs. next few weeks, GLAS 3RD wave coming, everyone understand how worth of share. good luck .

Agree 100%.
Enterprise Value (EV) is the Value of a company as a whole. It includes its assets, intellectual property, cash flows, debts, and all else.

Rdiculous to deduct debt from the EV. Anyone can do a simple Google investigation on what EV is 🤦🏻
Debt, working capital are variables/determinants of EV, thats why the disclosure say, whats prevailing at that time will decide on the transaction value

Winner123 likes this post

903PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sat Dec 12, 2020 3:39 pm

Winner123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

These research firms should not do these type of dirty things. Specially within few minutes after the disclosure. Poor retailers paid the price.

Promoney, Eranga87, geesura and Kanishka_2020 like this post

904PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sat Dec 12, 2020 4:07 pm

geesura


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Winner123 wrote:These research firms should not do these type of dirty things. Specially within few minutes after the disclosure. Poor retailers paid the price.
absolutely!! I scolded them yesterday. even they didn't know how the report was made.btw those who knew the real value and potential of the GLAS didn't sell ig.
They should understand the difference between price and value.

"The stock market is filled with individuals who know the price of everything, but the value of nothing." — Phillip Fisher



#GLASS is the future.#believe in glass


Disc-Holding

Win Win, Karthick, Kanishka_2020, Vishwanarth and Bakkabwoi like this post

905PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sat Dec 12, 2020 4:20 pm

Vishwanarth


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

I think new price trend will be emerged in recent future. Definitely Q3 will be having above price level.

906PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sat Dec 12, 2020 4:22 pm

subash81


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Winner123 wrote:These research firms should not do these type of dirty things. Specially within few minutes after the disclosure. Poor retailers paid the price.

Yes 
They may not have even read the disclosure properly as very quickly they published calculation.

Sorry for those who sold based on these cheap broker valuation 
For me GLAS value over Rs 15

Promoney, Win Win and Karthick like this post

907PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sat Dec 12, 2020 6:05 pm

invest thinker

invest thinker
Manager - Equity Analytics
Manager - Equity Analytics

Calculate, Piramal GLAS EV. its more than Rs. 10. transaction date is not clear. readily information not available. but calculate with assumption. compare EV with consideration in SPA. here, Purchase consideration higher than EV. 5Billion payment made for 536Mn no.of share. everything are clear. how much paid for per share. 

I also wondering research firm so fast chit chat calculation. One day, people never believe research paper. SL research every weeks, change their TPs. next month, revised TPs.

svkiruba8@gmail.com, Promoney, Eranga87, Win Win and SL-INVESTOR like this post

908PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sun Dec 13, 2020 12:10 am

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Credits to @MarketNewsLK for reasons why there should be a Mandatory Offer. Haven't heard anyone explain with facts why there should not be one

Winner123 likes this post

909PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sun Dec 13, 2020 12:19 am

Kanishka_2020


Manager - Equity Analytics
Manager - Equity Analytics

I'm still believing this share.
Cheat research reports are made retail investors to think quickly and some of them sold. but I know whoever believe in this share, still holding it. I know this company very well, it in Horana I have visited there twice. It's doing really well and I love glass, coz they have super production there. We will see it with the next financial reports also.

If we buy or sold they get their commission, so stick to your valuations and do your own analysis. These are hard earn money, not there money at all. Make sure it'll worth it.

Patience is the key in this platform & panic will do the damage in many ways.

910PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sun Dec 13, 2020 2:29 am

Eranga87


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Blackstone(BS) acquires Piramal Glas Pvt Ltd for USD 1 Billion consideration. earlier, Piramal Glas listed entity in India capital Market and delist (highest amount paid as a delisting share) since 2014 and keep as Private Ltd. 1st they offer to exist price and again gave a special existing price delisting share. The delisting process really most beneficial (the delisting price is double of traded price)for shareholders.

BS paid for USD 1 billion acquire for 100% ownership Piramal Glas and automatically entitle 46.45% ownership of SL Glas. BS didn't pay a separate amount for SL Piramal Glas. as a whole they paid to USD 1 billion and India Piramal enterprises ltd allocated INR 5.166Billion(USD 70Mn) on behalf of SL Piramal Glas their no. of shares 536Mn share (56.45%). that is the reason Piramal Glas disclosed their acquired purchase consideration for 56.45%. SPA clearly shows that purchase consideration for No. of shares 536Mn. not all of the share.

Pristine Glas Pvt ltd incorporates in 06.11.2020 and appoints two directors namely, Amit Dixit and Mukesh Mehetha. both 2 directors are working in Blackstone Group-India Pvt equity. Pristine belongings to Blackstone and establish a new entity for managing GLAS business in Sri Lanka, India, and USA.



don't keep any doubt regarding GLAS. current price level so attractive for entering. I highly believed GLAS will give you more than 50% returns with the current price level. if they delist share, it will give 100% returns.

Promoney, judecroos, Mr. X, invest thinker, SL-INVESTOR, Accountant, Kanishka_2020 and like this post

911PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sun Dec 13, 2020 11:04 am

Mr. X

Mr. X
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Eranga87 wrote:Blackstone(BS) acquires Piramal Glas Pvt Ltd for USD 1 Billion consideration. earlier, Piramal Glas listed entity in India capital Market and delist (highest amount paid as a delisting share) since 2014 and keep as Private Ltd. 1st they offer to exist price and again gave a special existing price delisting share. The delisting process really most beneficial (the delisting price is double of traded price)for shareholders.

BS paid for USD 1 billion acquire for 100% ownership Piramal Glas and automatically entitle 46.45% ownership of SL Glas. BS didn't pay a separate amount for SL Piramal Glas. as a whole they paid to USD 1 billion and India Piramal enterprises ltd allocated INR 5.166Billion(USD 70Mn) on behalf of SL Piramal Glas their no. of shares 536Mn share (56.45%). that is the reason Piramal Glas disclosed their acquired purchase consideration for 56.45%. SPA clearly shows that purchase consideration for No. of shares 536Mn. not all of the share.

Pristine Glas Pvt ltd incorporates in 06.11.2020 and appoints two directors namely, Amit Dixit and Mukesh Mehetha. both 2 directors are working in Blackstone Group-India Pvt equity. Pristine belongings to Blackstone and establish a new entity for managing GLAS business in Sri Lanka, India, and USA.



don't keep any doubt regarding GLAS. current price level so attractive for entering. I highly believed GLAS will give you more than 50% returns with the current price level. if they delist share, it will give 100% returns.

Thanks @Eranga87 Your comment gives clear view of this transaction.

Eranga87 likes this post

912PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sun Dec 13, 2020 12:34 pm

invest thinker

invest thinker
Manager - Equity Analytics
Manager - Equity Analytics

there is some ambiguous nature in disclosure transaction details. anyway, i agreed with @ eranga87, if they are going to delisting Sri Lanka Piramal Glas, existing shareholders can easily get 100% returns. i also believed, they will buy back the majority of shares.

past 2 days, people lost their confidence with CAL some share valuation. panic people will realize actually what happened. if GLAS delist, it provides benefits to each shareholder. don't worry about that. assume that the delisting price Rs.20 and the remaining balance of shares 413Mn and it cost USD 44Mn. not a big amount. BS acquired everything, now coming last stage entire all. USD 44Mn, nothing to them.

I remembered, in 1999 or 2000 Piramal Group acquired Ceylon Glas @ Rs.20.50(from DFCC bank) at that time. after that, share split or right issues made, i don't know that. initially, they paid Rs.20.50 at the time of acquiring.

at this moment, GLAS is most worth share. collectors are coming soon. be safe from the researcher. they don't know completely, that why change TPs every time.

svkiruba8@gmail.com, samaritan, abey, Chithi, Eranga87, Karthick, SL-INVESTOR and SHL like this post

913PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sun Dec 13, 2020 3:41 pm

spksd


Manager - Equity Analytics
Manager - Equity Analytics

If they are acquiring at 20-24 ideal exit price would be 17 -18 I presume . But any idea how do they consider debts etc . Just refer to JINS buy back couple of years back . Will it be similar

914PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sun Dec 13, 2020 8:02 pm

geesura

geesura
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

US based Bain Capital & Blackstone both offered a large Sum of Money for Piramal Glass(India) & ultimately Blackstone won.

The final deal is close to 3 times the sales of Piramal Glass (India) & 25 times it’s earnings.

What could be the reason?

I did some research to find out that this has more to do with US election than Glass vials. With Democrats back in power there is more focus on environmental protection than ever before.

The trending topic #PlasticFreePresident

Joe Biden is said to become the worlds 1st plastic free president.

https://www.google.com/amp/s/www.eco...ons-2649427442

https://www.google.com/amp/s/grist.o...ics-biden/amp/

https://www.google.com/amp/s/www.ani...133348%3famp=1

Any Action Taken upto now?

Yes, there is a bill on banning single use plastic presented by Democrats.

https://www.google.com/amp/s/www.hou...y-15048896.php

https://www.plasticsnews.com/article...lastics-issues

https://www.politico.com/newsletters...ey-buzz-491119

Has any state in US banned single use plastics?

Yes, Delaware has banned polytene bags from 1st January 2021.

https://news.delaware.gov/2020/12/01...on-jan-1-2021/

Sri Lanka is said to be banning single use plastics from 1st January 2021. It was announced but I doubt wether it’ll be implemented.

Global trends are changing!

Disclosure: Holding, this is not a Buy/Sell recommendation.

Last edited by Dreamer777Today, 01:13 PM.
Total credit goes to Dreamer777 in TEC forum

Promoney, Chithi, Eranga87, Karthick and Kanishka_2020 like this post

915PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sun Dec 13, 2020 8:33 pm

Eranga87


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

According to Piramal Glas disclosure, clearly mentioned following areas,

*purchase consideration INR 5.166Bn for no.f shares 536Mn

*all debt portion included in Consideration and consider WC changes.

Prisitine Pvt Ltd (Buyer-entity of Blackstone) paid INR 5.166Bn for share transaction 536Mn(56.45%) and debt portion. can see significant changes in financial statement,

disappeared debt component. there may agreement settlement of debt portion for Blackstone. because of BS already gave to settle debt capital. most probably, new share issued for that amount @ acquired price level(calculated acquisition price, RS.21). have debt capital 3bn and it convert to equity shares @ Rs. 21. or some amount. according that, EPS increased, NAV increased and No. of shares also increased.

as soon as, BS will give mandatory offer acquisition price +some premium. now, there is acquisition price level. it's guaranteed for GLAS price level. if someone sold @ lesser prices, he/she didn't know worth of share with current situation. anyway, it will perform beyond our expectation. better to keep investment than day trading.

Piramal last Friday disclosure announcement, so many key areas has not been mentioned. next few days, they will again announce.

<<<<>>>>

geesura, SL-INVESTOR and Kanishka_2020 like this post

916PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sun Dec 13, 2020 8:45 pm

samaritan


Moderator
Moderator

invest thinker wrote:there is some ambiguous nature in disclosure transaction details. anyway, i agreed with @ eranga87, if they are going to delisting Sri Lanka Piramal Glas, existing shareholders can easily get 100% returns. i also believed, they will buy back the majority of shares.

past 2 days, people lost their confidence with CAL some share valuation. panic people will realize actually what happened. if GLAS delist, it provides benefits to each shareholder. don't worry about that. assume that the delisting price Rs.20 and the remaining balance of shares 413Mn and it cost USD 44Mn. not a big amount. BS acquired everything, now coming last stage entire all. USD 44Mn, nothing to them.

I remembered, in 1999 or 2000 Piramal Group acquired Ceylon Glas @ Rs.20.50(from DFCC bank) at that time. after that, share split or right issues made, i don't know that. initially, they paid Rs.20.50 at the time of acquiring.

at this moment, GLAS is most worth share. collectors are coming soon. be safe from the researcher. they don't know completely, that why change TPs every time.
BS is a giant and this strategic acquisition is based on the fact that GLASS will be the white gold in the future. So, in all probabilities they will opt to have total control of the Company as they see this as an investment for posterity.

Shareholders are in for a big bonanza soon!

Eranga87, geesura and Kanishka_2020 like this post

917PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sun Dec 13, 2020 8:54 pm

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

geesura wrote:US based Bain Capital & Blackstone both offered a large Sum of Money for Piramal Glass(India) & ultimately Blackstone won.

The final deal is close to 3 times the sales of Piramal Glass (India) & 25 times it’s earnings.

What could be the reason?

I did some research to find out that this has more to do with US election than Glass vials. With Democrats back in power there is more focus on environmental protection than ever before.

The trending topic #PlasticFreePresident

Joe Biden is said to become the worlds 1st plastic free president.

https://www.google.com/amp/s/www.eco...ons-2649427442

https://www.google.com/amp/s/grist.o...ics-biden/amp/

https://www.google.com/amp/s/www.ani...133348%3famp=1

Any Action Taken upto now?

Yes, there is a bill on banning single use plastic presented by Democrats.

https://www.google.com/amp/s/www.hou...y-15048896.php

https://www.plasticsnews.com/article...lastics-issues

https://www.politico.com/newsletters...ey-buzz-491119

Has any state in US banned single use plastics?

Yes, Delaware has banned polytene bags from 1st January 2021.

https://news.delaware.gov/2020/12/01...on-jan-1-2021/

Sri Lanka is said to be banning single use plastics from 1st January 2021. It was announced but I doubt wether it’ll be implemented.

Global trends are changing!

Disclosure: Holding, this is not a Buy/Sell recommendation.

Last edited by Dreamer777Today, 01:13 PM.
Total credit goes to Dreamer777 in TEC forum

Very good point, something I missed in my fundamental analysis. Yes, US renewable energy stocks skyrocketed on Biden win. Biden and Democrats are highly pro-environmant

Eugine Fernando, geesura and Karthick like this post

918PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sun Dec 13, 2020 9:38 pm

Karthick


Equity Analytic
Equity Analytic

geesura wrote:US based Bain Capital & Blackstone both offered a large Sum of Money for Piramal Glass(India) & ultimately Blackstone won.

The final deal is close to 3 times the sales of Piramal Glass (India) & 25 times it’s earnings.

What could be the reason?

I did some research to find out that this has more to do with US election than Glass vials. With Democrats back in power there is more focus on environmental protection than ever before.

The trending topic #PlasticFreePresident

Joe Biden is said to become the worlds 1st plastic free president.

https://www.google.com/amp/s/www.eco...ons-2649427442

https://www.google.com/amp/s/grist.o...ics-biden/amp/

https://www.google.com/amp/s/www.ani...133348%3famp=1

Any Action Taken upto now?

Yes, there is a bill on banning single use plastic presented by Democrats.

https://www.google.com/amp/s/www.hou...y-15048896.php

https://www.plasticsnews.com/article...lastics-issues

https://www.politico.com/newsletters...ey-buzz-491119

Has any state in US banned single use plastics?

Yes, Delaware has banned polytene bags from 1st January 2021.

https://news.delaware.gov/2020/12/01...on-jan-1-2021/

Sri Lanka is said to be banning single use plastics from 1st January 2021. It was announced but I doubt wether it’ll be implemented.

Global trends are changing!

Disclosure: Holding, this is not a Buy/Sell recommendation.

Last edited by Dreamer777Today, 01:13 PM.
Total credit goes to Dreamer777 in TEC forum
Appreciate this kind of researches with facts and evidence...
With clear facts can take a fine decision..
Glass holders ready for Christmas celebration... santa

glad and abey like this post

919PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sun Dec 13, 2020 10:07 pm

Kanishka_2020


Manager - Equity Analytics
Manager - Equity Analytics

geesura wrote:US based Bain Capital & Blackstone both offered a large Sum of Money for Piramal Glass(India) & ultimately Blackstone won.

The final deal is close to 3 times the sales of Piramal Glass (India) & 25 times it’s earnings.

What could be the reason?

I did some research to find out that this has more to do with US election than Glass vials. With Democrats back in power there is more focus on environmental protection than ever before.

The trending topic #PlasticFreePresident

Joe Biden is said to become the worlds 1st plastic free president.

https://www.google.com/amp/s/www.eco...ons-2649427442

https://www.google.com/amp/s/grist.o...ics-biden/amp/

https://www.google.com/amp/s/www.ani...133348%3famp=1

Any Action Taken upto now?

Yes, there is a bill on banning single use plastic presented by Democrats.

https://www.google.com/amp/s/www.hou...y-15048896.php

https://www.plasticsnews.com/article...lastics-issues

https://www.politico.com/newsletters...ey-buzz-491119

Has any state in US banned single use plastics?

Yes, Delaware has banned polytene bags from 1st January 2021.

https://news.delaware.gov/2020/12/01...on-jan-1-2021/

Sri Lanka is said to be banning single use plastics from 1st January 2021. It was announced but I doubt wether it’ll be implemented.

Global trends are changing!

Disclosure: Holding, this is not a Buy/Sell recommendation.

Last edited by Dreamer777Today, 01:13 PM.
Total credit goes to Dreamer777 in TEC forum

Thank you Geesura for your valuable research, really appreciate it.  cheers cheers

Good luck all!!

abey and judecroos like this post

920PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sun Dec 13, 2020 10:39 pm

geesura

geesura
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Kanishka_2020 wrote:
geesura wrote:US based Bain Capital & Blackstone both offered a large Sum of Money for Piramal Glass(India) & ultimately Blackstone won.

The final deal is close to 3 times the sales of Piramal Glass (India) & 25 times it’s earnings.

What could be the reason?

I did some research to find out that this has more to do with US election than Glass vials. With Democrats back in power there is more focus on environmental protection than ever before.

The trending topic #PlasticFreePresident

Joe Biden is said to become the worlds 1st plastic free president.

https://www.google.com/amp/s/www.eco...ons-2649427442

https://www.google.com/amp/s/grist.o...ics-biden/amp/

https://www.google.com/amp/s/www.ani...133348%3famp=1

Any Action Taken upto now?

Yes, there is a bill on banning single use plastic presented by Democrats.

https://www.google.com/amp/s/www.hou...y-15048896.php

https://www.plasticsnews.com/article...lastics-issues

https://www.politico.com/newsletters...ey-buzz-491119

Has any state in US banned single use plastics?

Yes, Delaware has banned polytene bags from 1st January 2021.

https://news.delaware.gov/2020/12/01...on-jan-1-2021/

Sri Lanka is said to be banning single use plastics from 1st January 2021. It was announced but I doubt wether it’ll be implemented.

Global trends are changing!

Disclosure: Holding, this is not a Buy/Sell recommendation.

Last edited by Dreamer777Today, 01:13 PM.
Total credit goes to Dreamer777 in TEC forum

Thank you Geesura for your valuable research, really appreciate it.  cheers cheers

Good luck all!!
I have mentioned it .This is not mine all the credit goes to Dreamer777 in the TEC forum

921PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Mon Dec 14, 2020 1:11 am

jason12


Senior Equity Analytic
Senior Equity Analytic

Eranga87 wrote:Blackstone(BS) acquires Piramal Glas Pvt Ltd for USD 1 Billion consideration. earlier, Piramal Glas listed entity in India capital Market and delist (highest amount paid as a delisting share) since 2014 and keep as Private Ltd. 1st they offer to exist price and again gave a special existing price delisting share. The delisting process really most beneficial (the delisting price is double of traded price)for shareholders.

BS paid for USD 1 billion acquire for 100% ownership Piramal Glas and automatically entitle 46.45% ownership of SL Glas. BS didn't pay a separate amount for SL Piramal Glas. as a whole they paid to USD 1 billion and India Piramal enterprises ltd allocated INR 5.166Billion(USD 70Mn) on behalf of SL Piramal Glas their no. of shares 536Mn share (56.45%). that is the reason Piramal Glas disclosed their acquired purchase consideration for 56.45%. SPA clearly shows that purchase consideration for No. of shares 536Mn. not all of the share.

Pristine Glas Pvt ltd incorporates in 06.11.2020 and appoints two directors namely, Amit Dixit and Mukesh Mehetha. both 2 directors are working in Blackstone Group-India Pvt equity. Pristine belongings to Blackstone and establish a new entity for managing GLAS business in Sri Lanka, India, and USA.



don't keep any doubt regarding GLAS. current price level so attractive for entering. I highly believed GLAS will give you more than 50% returns with the current price level. if they delist share, it will give 100% returns.
https://www.blackstone.com/the-firm/our-people/#people-directory

Thushara Ayya and judecroos like this post

922PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Mon Dec 14, 2020 7:44 am

subash81


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

All these news positive for GLAS 
I am keeping my target Rs 15

Thushara Ayya, samaritan, Chithi and judecroos like this post

923PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Mon Dec 14, 2020 10:44 am

VS

VS
Equity Analytic
Equity Analytic

i think  it will jump again in this week bounce

924PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Mon Dec 14, 2020 10:52 am

MR.T5n


Equity Analytic
Equity Analytic

Everywhere people talk about GLAS.. I Would like to be an eye witness for that event...  cyclops cyclops Shocked Shocked Shocked Laughing

judecroos likes this post

925PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Mon Dec 14, 2020 11:15 am

Eranga87


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

hold at least 3 months you can claimed amazing bonanza. Very Happy

926PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Mon Dec 14, 2020 11:18 am

dinsan123


Stock Analytic
Stock Analytic

Eranga87 wrote:hold at least 3 months you can claimed amazing bonanza. Very Happy
Glas will be again 8 level soon

927PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Mon Dec 14, 2020 11:25 am

geesura

geesura
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Downlo10
dinsan123 wrote:
Eranga87 wrote:hold at least 3 months you can claimed amazing bonanza. Very Happy
Glas will be again 8 level soon

Bakkabwoi likes this post

928PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Mon Dec 14, 2020 11:54 am

Eranga87


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

@dinsan123,


GLAS have guaranteed acquisition price. soon, they will announce Mandatory offer. you are gambler, such people thing like this. unfortunately, GLAS is not Gamble share. i can understand how your financial literacy.

lal62, Chithi, Win Win and Kanishka_2020 like this post

929PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Mon Dec 14, 2020 12:03 pm

Venu123


Senior Equity Analytic
Senior Equity Analytic

Eranga can you explain mandatory offer,i collect glass at 8.30 mostly of your valuable thoughts.what will be your exit in current situation of glass?

930PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Mon Dec 14, 2020 12:09 pm

lal62

lal62
Senior Equity Analytic
Senior Equity Analytic

geesura wrote:PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 37 Downlo10
dinsan123 wrote:
Eranga87 wrote:hold at least 3 months you can claimed amazing bonanza. Very Happy
Glas will be again 8 level soon
glass will be near 12 level soon,  but when mandatory  offer 
comes no one can keep the ball under water. not even confusing reserch reports. Very Happy Very Happy

Back to top  Message [Page 37 of 40]

Go to page : Previous  1 ... 20 ... 36, 37, 38, 39, 40  Next

Permissions in this forum:
You cannot reply to topics in this forum