PEOPLE'S INSURANCE PLC (PINS.N0000)

K.R wrote:https://lankacnews.com/imf-%e0%b6%b4%e0%b7%85%e0%b6%b8%e0%b7%94-%e0%b6%ab%e0%b6%ba-%e0%b7%80%e0%b7%8f%e0%b6%bb%e0%b7%92%e0%b6%ba%e0%b6%9a-%e0%b6%b8%e0%b7%92%e0%b6%bd%e0%b7%92%e0%b6%ba%e0%b6%b1-350%e0%b6%ba%e0%b7%92/

ජාත්‍යන්තර මුල්‍ය අරමුදලෙන් ‍ශ‍්‍රී ලංකාවට ලබාදෙන ණය මුදලේ පළමු වාරිකය ලබා ගැනීම සඳහා රාජ්‍ය ආයතන 39 ප්රතිව්යුහගත කළ යුතු බව වාර්තා වෙයි.

PINS will launched soon

CSE - PINS , SLT , LHCL 

         30/06/2022.       30/09/2022 

SLT.       Rs. 29                   44
LHCL.    Rs. 51                    91
PINS.     Rs. 19                    21

Ekanayake90 wrote:Grab On & HOLD Tight before a FAIR Canadian goes all in

• Prem Watsa, Chairman and CEO of one of the largest general insurance groups in the world, expresses confidence in Sri Lanka bouncing back
  
  
• Lists business-friendly environment for private sector, encouraging foreign direct investments, reforming State-owned enterprises along with privatisation and fast-tracking tourism recovery as key to early revival of Sri Lanka
  
  
• Watsa held telephone conversation with new PM recently, says will look for more opportunities to invest in Sri Lanka and play a part in economic recovery and transformation
  
  

ErangaDS wrote:

Ekanayake90 wrote:Grab On & HOLD Tight before a FAIR Canadian goes all in

Canadian has spoken I guess

[size=33]SL can come out of crisis sooner if right things are done: Fairfax Founder[/size]

• Prem Watsa, Chairman and CEO of one of the largest general insurance groups in the world, expresses confidence in Sri Lanka bouncing back
  
  
• Lists business-friendly environment for private sector, encouraging foreign direct investments, reforming State-owned enterprises along with privatisation and fast-tracking tourism recovery as key to early revival of Sri Lanka
  
  
• Watsa held telephone conversation with new PM recently, says will look for more opportunities to invest in Sri Lanka and play a part in economic recovery and transformation
  
  

https://www.ft.lk/top-story/SL-can-come-out-of-crisis-sooner-if-right-things-are-done-Fairfax-Founder/26-736560

K.R wrote:https://www.reuters.com/article/allianz-janashakthi-acquisition-idUSL4N1PS3MM

When Germany's Allianz acquired General insurance unit of Janashakthi PLC in 2018, the sale consideration was $104.6 MN.
2018 $1 -  Rs 150
2022  $1 - Rs 370

K.R wrote:SOE Restructuring  _ PINS

Ekanayake90 wrote:

K.R wrote:SOE Restructuring  _ PINS

It’s unbelievable’ PINS is still hovering around 20’s. 

* Lack of liquidity will be a major factor going forward.

ErangaDS wrote:

Ekanayake90 wrote:

K.R wrote:SOE Restructuring  _ PINS

It’s unbelievable’ PINS is still hovering around 20’s. 

* Lack of liquidity will be a major factor going forward.

Top 20 holds 93% and won’t expect them to sell ATM when restructuring around the corner, It will move up with low volumes similar to earlier this year (moved up from mid 20s to 50 in quick time with low volumes)

Earnings multiplier looks really good , but It could be much higher LKR valuation than that when considering favourable Dollar valuations for the buyer.

K.R wrote:SOE Restructuring  _ PINS

Ekanayake90 wrote:

K.R wrote:SOE Restructuring  _ PINS

AAIC transaction will also be a good indicator for Insurance Sector M/A valuations in SL.(adjustments has to be made for Life and General)
AAIC currently trading at 3.5 times of P/BV. 
*Pins currently trading at 1.04 times of P/BV*

Ekanayake90 wrote:HNWIs started collecting

ErangaDS wrote:*Excellent results in the Privatisation climate.
**One of the most profitable (%) SOEs in Sri Lanka.
***Valuations should reflect the Probability in the case of Privatisation.

K.R wrote:New 52 week high for PINS
SOE restructuring will be the main driver going forward