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

PIRAMAL GLASS CEYLON PLC (GLAS.N0000)

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941PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 48 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Tue Dec 15, 2020 2:13 pm

lal62


Senior Equity Analytic
Senior Equity Analytic
Pristine glass pvt ltd was incorporated only last month with the purpose of acquiring glass manufacturing arm of piramal group it seems. One of only two directors in pristine glass is also a director of BS ( Amit Dixit is a Senior Managing Director, Co-Head of Asia Acquisitions, and Head of India for Blackstone Private Equity. ) so what is obvious is only 56 % shares of piramal ceylon is to be purchased this week or the next at value mentioned in the CSE circular. I am more optimistic that this purchase will take placs via CSE triggering
a mandatory offer. different opinions required

Winner123, Promoney, Win Win and judecroos like this post

942PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 48 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Tue Dec 15, 2020 11:48 pm

Jana


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
They are expecting the Mandatory Offer will be issued at the Rs10.20 level. then still GLAS worth this price to buy.

943PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 48 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Wed Dec 16, 2020 1:17 am

Eranga87


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
acquired price is still questionable at this moment? have not revealed important things earlier discloser. an original contract can include terms & conditions. without considering facts & figures we cant pre-conclude regarding acquisition price. anyway, the acquisition price more than the current traded market. definitely, the acquisition price most benefited the existing shareholders. As soon as, the pending announcement will be coming. be hope, everything is going well. if the mandatory offer is coming, definitely they will give highest offer.

considering the potentially wide range of improvements, a current level still so attractive. majority of shares will be acquired by Pristine. the name will be changed. forecasting the future in GLAS business, the highest value of the return will deliver and maximize the wealth of shareholders. don't miss the third chance of getting the lowest side. this may be, last chance.

<<<<>>>>

lal62, invest thinker and VS like this post

944PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 48 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Wed Dec 16, 2020 6:16 am

Vishwanarth


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Long time ago I said this price case may happen. Finally price was settled at lessor value than most expected

VS likes this post

945PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 48 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Wed Dec 16, 2020 8:25 am

Thushara Ayya


Vice President - Equity Analytics
Vice President - Equity Analytics
http://www.dailymirror.lk/business-news/Piramal-Glass-enters-deal-to-sell-Lankan-operations-for-Rs-13bn/273-201779#.X9lVzSs3Bzs.whatsapp

946PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 48 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Wed Dec 16, 2020 8:27 am

Sanju121


Senior Equity Analytic
Senior Equity Analytic
Share is worth 2.9

RJ1010 and geesura dislike this post

947PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 48 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Wed Dec 16, 2020 8:41 am

Master D


Manager - Equity Analytics
Manager - Equity Analytics
This can go up to 20+  based on the final numbers.

Even as per the lowest calculation available now its worth 10.13 /- which is traded at a 8% discount

lal62 likes this post

948PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 48 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Wed Dec 16, 2020 8:48 am

Master D


Manager - Equity Analytics
Manager - Equity Analytics
Reasons behind to hold GLASS,


Blackstone is not a glass industry business, it is a investment company. It usually holds investments from few years and then sell it with great profit.

They will increase the dividend payout since they are not going to hold it forever.

GLASs has already increased production lines to address export markets and special need products as glass vials for vaccine and GLASS is one of the few players capable of producing what world is in need urgently right now.

They might give a mandatory offer, or buy back shares later to delist, because then it is easy for them to manage, they dont have to get involved and abide by the rules of SEC Sri Lanka when they can spend about 30-40 Million more and get rid of that burden completely. It will make the GLASS more marketable asset for blackstone.


Despite whatever the valuation number is going to be this can go upto 15+  when sales increase and dividend payout increases.
9.30-9.50 is a very attractive entry point for an investor. Dividend payment will come in JUNE. that could easily be 1.00 rupee.

lal62, judecroos and Karthick like this post

949PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 48 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Wed Dec 16, 2020 12:30 pm

Eranga87


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

@Vishwanarth,


i remembered how many times you negatively comment on GLAS. wait and see next 2 months, how GLAS traded price. people didn't measure the potential impact of business. this is the last time, collect the lowest side. GLAS will settle beyond our expectations. wait.. and see.. Smile

Chithi and invest thinker like this post

950PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 48 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Wed Dec 16, 2020 12:41 pm

geesura

geesura
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Sanju121 wrote:Share is worth 2.9
either way its expensive than your brain😂🔫

Chithi, Eranga87, invest thinker and Accountant like this post

951PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 48 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Wed Dec 16, 2020 12:47 pm

Bakkabwoi

Bakkabwoi
Manager - Equity Analytics
Manager - Equity Analytics
@geesura wrote:
@Sanju121 wrote:Share is worth 2.9
either way its expensive than your brain😂🔫

brutal! affraid affraid affraid affraid

952PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 48 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Wed Dec 16, 2020 12:56 pm

glad


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Bakkabwoi wrote:
@geesura wrote:
@Sanju121 wrote:Share is worth 2.9
either way its expensive than your brain😂🔫

brutal! affraid affraid affraid affraid
Very naughty

953PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 48 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Wed Dec 16, 2020 1:44 pm

Mr. X

Mr. X
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
GLAS going at cheap... Collect and wait till end of Jan.

Accountant likes this post

954PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 48 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Wed Dec 16, 2020 1:53 pm

DamithAsian


Manager - Equity Analytics
Manager - Equity Analytics
After this acquisition confusions fade away there will be good time again. No worries Very Happy

Karthick likes this post

955PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 48 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Wed Dec 16, 2020 2:48 pm

jaya


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
It will run when the BIL end his journey.

geesura likes this post

956PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 48 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Wed Dec 16, 2020 2:54 pm

Accountant

Accountant
Equity Analytic
Equity Analytic
For those who don't own GLAS, This is a solid entry point..... Don't miss it guys. Christmas is coming🎅

Thushara Ayya, Eranga87 and Trollhunter like this post

957PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 48 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Wed Dec 16, 2020 3:10 pm

Thushara Ayya

Thushara Ayya
Vice President - Equity Analytics
Vice President - Equity Analytics
I collected more @ 9.10 today...

dakzsl, Eranga87, RJ1010, Karthick, Accountant and Sachira90 like this post

958PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 48 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Wed Dec 16, 2020 5:28 pm

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Hope it comes down further, to collect more

geesura likes this post

959PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 48 Empty PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Wed Dec 16, 2020 5:54 pm

jason12


Senior Equity Analytic
Senior Equity Analytic
@Accountant wrote:For those who don't own GLAS, This is a solid entry point..... Don't miss it guys. Christmas is coming🎅

Accountant,

Isn't it too early to publish Q3 results  Very Happy

VS likes this post

960PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 48 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Thu Dec 17, 2020 10:58 am

MR.T5n


Equity Analytic
Equity Analytic
More collections took placed above Rs:9. So less possibility to come below 9.

Eranga87, C.THARANGA and Sachira90 like this post

VS dislikes this post

961PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 48 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Thu Dec 17, 2020 11:31 am

Eranga87


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
GLAS rebound soon.. Very Happy

C.THARANGA, Kanishka_2020 and Sachira90 like this post

962PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 48 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Thu Dec 17, 2020 11:43 am

Kanishka_2020


Manager - Equity Analytics
Manager - Equity Analytics
@Eranga87 wrote:GLAS rebound soon.. Very Happy

Yep Yep  alien alien

963PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 48 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Thu Dec 17, 2020 11:44 am

MR.T5n


Equity Analytic
Equity Analytic
9 is very strong support..  elephant elephant elephant

VS likes this post

964PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 48 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Thu Dec 17, 2020 12:21 pm

Winner123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Why do people sell this when the deal is already announced. Moving to bil?

VS and Bakkabwoi like this post

965PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 48 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Thu Dec 17, 2020 12:50 pm

lal62

lal62
Senior Equity Analytic
Senior Equity Analytic
yes moving to bill and tkyo perhaps. good opportunity for us to buy ,most will regret  selling  decision soon Very Happy Very Happy Very Happy Very Happy

C.THARANGA likes this post

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