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

PIRAMAL GLASS CEYLON PLC (GLAS.N0000)

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961PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 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 39 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 39 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 39 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 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Thu Dec 17, 2020 12:50 pm

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

966PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Fri Dec 18, 2020 8:29 am

Chithi


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

967PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Fri Dec 18, 2020 8:30 am

Chithi


Manager - Equity Analytics
Manager - Equity Analytics
PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Img-2010

Eranga87 likes this post

968PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Fri Dec 18, 2020 8:34 am

MR.T5n


Equity Analytic
Equity Analytic
Shocked Shocked Shocked Shocked, Ohhh. This might be the reason for BUYers accumulation At the end of the Day..
bounce bounce bounce bounce bounce

969PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Fri Dec 18, 2020 11:18 am

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
People who bought when it dipped to 9 yesterday are winners. I missed it placing the order at 8.90. Now I have to buy at 9.30 levels 😞

lal62 likes this post

970PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Fri Dec 18, 2020 11:56 am

Hairoos


Senior Equity Analytic
Senior Equity Analytic
what will happen? They will buy back the Glass SHares or what?

971PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Fri Dec 18, 2020 12:12 pm

Sachira90


Equity Analytic
Equity Analytic
After the news Today I sold my BIL and collected GLAS with huge discount ! I love you I love you

geesura, SL-INVESTOR and Bakkabwoi like this post

972PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Fri Dec 18, 2020 1:14 pm

Vishwanarth


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
By now GLASS buy volume is around 295000 nos. But sales is high. May be due to blurred less transparency

973PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Fri Dec 18, 2020 1:20 pm

vijay singh


Senior Equity Analytic
Senior Equity Analytic
today, collection going on 9.30 level. keep in your eyes.. yesterday, collected from 9.00 and today 9.30. asap.. it will ready for next journey, after absorbing panic selling pressure. today, I also entered, with my brocker amazing prediction. he said, this's last time for collection,  players those days collecting. unfortunately, no one see. actually, GLAS so taste. I hope , soon as few of announcements on the way.

svkiruba8@gmail.com, Chithi, Eranga87, geesura, SL-INVESTOR, Kanishka_2020, Sachira90 and CSEdeSILVA like this post

974PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Fri Dec 18, 2020 1:28 pm

vijay singh


Senior Equity Analytic
Senior Equity Analytic
PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty @Vishwanarth,
 
ha.. ha.. Very Happy Razz try understand what happened in next. almost time, GLAS put big step, nature also same. wait bro.. you understand everything.. sorry , you didn't understand.. because you are pessimistic since GLAS TRADE in Rs.6.00. your brain are controlled by invisible hand. that's thing, you don't know reality. lol! lol!

Eranga87, SL-INVESTOR, Sachira90, CSEdeSILVA and VS like this post

975PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Fri Dec 18, 2020 2:35 pm

invest thinker

invest thinker
Manager - Equity Analytics
Manager - Equity Analytics

vijay singh,


 


you absolutely correct. as soon, GLAS will fly.. collectors are winners..  something big thing going on. can you explain it?

976PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Fri Dec 18, 2020 3:21 pm

Vishwanarth


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@invest thinker wrote:

vijay singh,


 


you absolutely correct. as soon, GLAS will fly.. collectors are winners..  something big thing going on. can you explain it?

Critics may be supportive or against due to deal behaviour.Shareholders want to know what, how, when, why about the company. But can't praise always. Shares are not to Love or hate but to grab the potential.
If GLASS will be flying I also get benefited.😅😅😅 Under new management new price scheme will be created. It will be double digit then.

lal62 likes this post

977PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Fri Dec 18, 2020 8:41 pm

Chithi


Manager - Equity Analytics
Manager - Equity Analytics
Seems big announcement is on the way.

Thushara Ayya likes this post

978PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Fri Dec 18, 2020 9:41 pm

Thushara Ayya

Thushara Ayya
Vice President - Equity Analytics
Vice President - Equity Analytics
@Chithi wrote:Seems big announcement is on the way.

Yes Chithi,

Last 6 days bottom is 9/=. Then 9.00, 9.10,9.20,9.30,9.40 clears Now 9.50.....Up trend is going on....

lal62 and Bakkabwoi like this post

979PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sat Dec 19, 2020 9:41 am

samaritan


Moderator
Moderator
@Thushara Ayya wrote:
@Chithi wrote:Seems big announcement is on the way.

Yes Chithi,

Last 6 days bottom is 9/=. Then 9.00, 9.10,9.20,9.30,9.40 clears Now 9.50.....Up trend is going on....
Investors are in for a windfall unexpectedly.


_________________




The biggest risk in life is not taking any risk at all.

geesura likes this post

980PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sat Dec 19, 2020 11:16 am

Master D


Manager - Equity Analytics
Manager - Equity Analytics
I have given  a 15 +  valuation in my previous analysis sometime back. Here is my update after the announcement.

Announcement clearly indicates the the seller is Piramal Glass pvt ( referred as  "seller" in the announcement)  limited who owns 56'% Piramal Glass Ceylon plc ( refers as the "company" in the announcement).


It clearly says the deal is made for the enterprise value of the "Company" aka Piramal Glass Ceylon PLC. Thus value of PLC = 5166000000 INR

Value of PLC =  5,166,000,000*2.5 = 12,915,000,000 LKR (  12 billion +)

No of shares total in PLC= 950086080


Considered value of GLASS a share =  12,915,000,000 /950,086,080  =  14/- LKR

Thus valuation of GLASS comes to 14/-  a share before the final adjustment as per the debt component changes of the company from the valuation date till transaction date.  ( to be announced) 

Companies will not take large debt when there is a deal on the cards but small working capital requirements will be there which the price above to be adjusted (  +/- 5% as per my estimate)

and also, since given the nature of the transaction i expect a mandatory offer at the same price.

If you buy today 40%-50% gain within few days !

abey, engineer, Chithi, RJ1010, Accountant and Bakkabwoi like this post

981PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sat Dec 19, 2020 11:21 am

abey


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
13 billion /no of shares                                                                                                                              13000000000/950086080                                                                                                          13.68  per share santa santa santa santa

982PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sat Dec 19, 2020 12:07 pm

subash81


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Master D wrote:I have given  a 15 +  valuation in my previous analysis sometime back. Here is my update after the announcement.

Announcement clearly indicates the the seller is Piramal Glass pvt ( referred as  "seller" in the announcement)  limited who owns 56'% Piramal Glass Ceylon plc ( refers as the "company" in the announcement).


It clearly says the deal is made for the enterprise value of the "Company" aka Piramal Glass Ceylon PLC. Thus value of PLC = 5166000000 INR

Value of PLC =  5,166,000,000*2.5 = 12,915,000,000 LKR (  12 billion +)

No of shares total in PLC= 950086080


Considered value of GLASS a share =  12,915,000,000 /950,086,080  =  14/- LKR

Thus valuation of GLASS comes to 14/-  a share before the final adjustment as per the debt component changes of the company from the valuation date till transaction date.  ( to be announced) 

Companies will not take large debt when there is a deal on the cards but small working capital requirements will be there which the price above to be adjusted (  +/- 5% as per my estimate)

and also, since given the nature of the transaction i expect a mandatory offer at the same price.

If you buy today 40%-50% gain within few days !

Master D
What about debt 3.2billion
If they deduct for debt then only around Rs 10.40 coming  Question

983PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sat Dec 19, 2020 12:22 pm

Master D


Manager - Equity Analytics
Manager - Equity Analytics
@subash81 wrote:
@Master D wrote:I have given  a 15 +  valuation in my previous analysis sometime back. Here is my update after the announcement.

Announcement clearly indicates the the seller is Piramal Glass pvt ( referred as  "seller" in the announcement)  limited who owns 56'% Piramal Glass Ceylon plc ( refers as the "company" in the announcement).


It clearly says the deal is made for the enterprise value of the "Company" aka Piramal Glass Ceylon PLC. Thus value of PLC = 5166000000 INR

Value of PLC =  5,166,000,000*2.5 = 12,915,000,000 LKR (  12 billion +)

No of shares total in PLC= 950086080


Considered value of GLASS a share =  12,915,000,000 /950,086,080  =  14/- LKR

Thus valuation of GLASS comes to 14/-  a share before the final adjustment as per the debt component changes of the company from the valuation date till transaction date.  ( to be announced) 

Companies will not take large debt when there is a deal on the cards but small working capital requirements will be there which the price above to be adjusted (  +/- 5% as per my estimate)

and also, since given the nature of the transaction i expect a mandatory offer at the same price.

If you buy today 40%-50% gain within few days !

Master D
What about debt 3.2billion
If they deduct for debt then only around Rs 10.40 coming  Question

agreed on the debt part.
But only the financial statements of the December quarter will tell the correct picture of the debt levels.
Given that they had higher sales and lower interest cost could lead to decreased debt levels.

value would be much higher than 10.40

984PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sat Dec 19, 2020 1:20 pm

Raymond


Stock Analytic
Stock Analytic
Isn't 56% of 950086080 equal to 532048204.
And that's what 12,915,000,000 LKR was paid for.


So shouldn't the share value be much more than what is stated.

lal62 likes this post

985PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sat Dec 19, 2020 1:25 pm

Raymond


Stock Analytic
Stock Analytic
enterprise value of the "Company" seems to explain the 950086080 figure. but 44% is owned by the rest. either they give an mandatory offer to buy or let it be. since the future is very bright with revenue, they might go for an mandatory offer and buy out the rest which is 44%. So maybe the wise thing is to keep it. This share is directly related to the mass production of glass vials. If there is a mandatory offer it might be attractive than what we think.

986PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sat Dec 19, 2020 1:58 pm

Master D


Manager - Equity Analytics
Manager - Equity Analytics
Of course.
and also, no body values the company ignoring the  current debt levels.
They know debt is there.  value will be adjusted only for the chnages in debt.

NOT that, you blindly give a value to company and later come and say lets now consider debts and reduce the value by 30%.  we are talking about worlds best investment company here. They cant be that stupid

lal62 likes this post

987PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sat Dec 19, 2020 2:05 pm

Raymond


Stock Analytic
Stock Analytic
Yes the point that
value will be adjusted only for the changes in debt. sounds right.
So on the above valuations it would be around 14 and it would be starting point for this share. The immediate future will quickly tell the real potential.

lal62 likes this post

988PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sat Dec 19, 2020 2:08 pm

Bakkabwoi

Bakkabwoi
Manager - Equity Analytics
Manager - Equity Analytics
so i have question..can we reject the mandatory offere?

989PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sat Dec 19, 2020 2:31 pm

Raymond


Stock Analytic
Stock Analytic
The investment company bought this for the sole purpose to make money, which they certainly will from glass vials. For the shareholders the mandatory offer should be extremely attractive.

990PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sat Dec 19, 2020 2:37 pm

Vishwanarth


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Bakkabwoi wrote:so i have question..can we reject the mandatory offere?

Mr. Bakka
What is the result of mandatory offer? They cant infavorable to shareholders as per CSE legal protection no?

Bakkabwoi likes this post

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