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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » GLAS will be winner with Super Gain.

GLAS will be winner with Super Gain.

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341GLAS will be winner with Super Gain. - Page 18 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 10:49 am

Eranga87


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
not so easy @ 11.60, again will offer 2nd price. I remembered the same situation happened @ times of delisting of Piramal glas plc in India.

Promoney, ADVENTUS, Mr. X and invest thinker like this post

342GLAS will be winner with Super Gain. - Page 18 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 10:57 am

lal62


Senior Equity Analytic
Senior Equity Analytic
@Promoney wrote:Not going to subscribe to MO at 11.60
The outcome of glass deal is so far as i expected , Companies like black stone like the whole cake than sharing it, I expect a de-listing story sooner than later . This  is obvious specially when fare value is higher than acquisition price  and keep growing . I am not planning to accept the MO either,

343GLAS will be winner with Super Gain. - Page 18 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 11:01 am

sandamal


Equity Analytic
Equity Analytic
@lal62 wrote:
@Promoney wrote:Not going to subscribe to MO at 11.60
The outcome of glass deal is so far as i expected , Companies like black stone like the whole cake than sharing it, I expect a de-listing story sooner than later . This  is obvious specially when fare value is higher than acquisition price  and keep growing . I am not planning to accept the MO either,

what happens in a de-listing ??

344GLAS will be winner with Super Gain. - Page 18 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 11:05 am

Eranga87


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
now worth of share Rs.15+, they will timely adjust again prices accordance with Enterprise value. Let's see. great bargaing times Very Happy.

lal62 likes this post

345GLAS will be winner with Super Gain. - Page 18 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 11:10 am

Nandun


Senior Equity Analytic
Senior Equity Analytic
Still at 11.20 i think good oportunity cheers cheers

stockchaser likes this post

346GLAS will be winner with Super Gain. - Page 18 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 11:24 am

stockchaser


Manager - Equity Analytics
Manager - Equity Analytics
@Nandun wrote:Still at 11.20 i think good oportunity cheers cheers
Still not late guys ... this is the last chance to enter

347GLAS will be winner with Super Gain. - Page 18 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 11:28 am

dayandacool

dayandacool
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Mandatory offer comes at 11.6 rs. Like i said somewhere in the GLASS thread, It won't be anywhere close to 15 rs or even 18 rs what some members predicted here. That is an exact prive valuation of EV of the share. Still a decent gain for those who bought at less than 10 rs.Smile


https://cdn.cse.lk/cmt/announcement_portal_prod/mo_4560719407987866.pdf

348GLAS will be winner with Super Gain. - Page 18 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 12:24 pm

invest thinker

invest thinker
Manager - Equity Analytics
Manager - Equity Analytics
keep valuables until claim your entire bonanza. now just Game On.

349GLAS will be winner with Super Gain. - Page 18 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 12:27 pm

Nesh


Stock Analytic
Stock Analytic
Unbelievable people sell at 11.10 whilst looking at MO price 11.60. Crazy!

lal62, RJ1010 and stockchaser like this post

350GLAS will be winner with Super Gain. - Page 18 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 12:36 pm

Eranga87


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
let's think about why people buy @ this level. they know the things Wink .

ADVENTUS, invest thinker, Nesh and stockchaser like this post

351GLAS will be winner with Super Gain. - Page 18 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 12:59 pm

stockchaser


Manager - Equity Analytics
Manager - Equity Analytics
@Eranga87 wrote:let's think about why people buy @ this level. they know the things Wink .
means that this could go maximum 11.60 right ?

352GLAS will be winner with Super Gain. - Page 18 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 1:06 pm

dayandacool

dayandacool
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
This is my assumption. First of all, it is absurd to sell a share for any lesser price when there is a mandatory offer. That shows, either the sellers foresee an opportunity in some other stock or investment that can guarantee a better return than to hold on to it as MO unfolds or they have no idea of MO.

For those who are willing to hold, they should be willing to do so for a longer time. The reason is, once the mandatory officer is done, the trading volumes of the share will drastically go down and therefore the liquidity of the share. There won't be many buyers interested in buying the share at a higher price than the MO price. Buyer if there will be one, will most likely be the major shareholder in this case. We all know that in the race of patience between corporates and retailers, corporates have the edge. Smile Smile

Opportunity cost matters!!!

Kipling likes this post

353GLAS will be winner with Super Gain. - Page 18 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 1:16 pm

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
What is a few HNWI get together and buy the entire quantity that is left in the market and the price moves to around Rs.13/-. Then PGP will have no option to buy it off the HNWI at a premium to Rs.13. Blackstone is a private equity company, they would want to keep GLAS private. The HNWI can make a killing

dayandacool and Chithi like this post

354GLAS will be winner with Super Gain. - Page 18 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 1:26 pm

Eranga87


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

@stockchaser,


hopefully, the MO price will change concerning EV. It's better to deal with both parties win-win situation. i remembered, Piramal glass India delisting from NSE 2014. they two times offered prices, the last price adds to premium for exit price. MO really not so easy @11.60. Blackstone really wants to collect almost. that's the thing, I told people earlier many times, they will desire to eat whole cake instead of pieces. before dividend, they try to complete MO.

invest thinker likes this post

355GLAS will be winner with Super Gain. - Page 18 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 1:32 pm

dayandacool

dayandacool
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Promoney wrote:What is a few HNWI get together and buy the entire quantity that is left in the market and the price moves to around Rs.13/-. Then PGP will have no option to buy it off the HNWI at a premium to Rs.13. Blackstone is a private equity company, they would want to keep GLAS private. The HNWI can make a killing

That's a very much possible scenario. However, if they do so, they will try to do so at a lesser price than MO. who would want to sell it at a lesser price to a HNWI is the question. What ever said and done, retailers holding smaller quantities lose the bargaining power unless the quantities they are holding are large once the MO is done. Quantity matters here.

Just my 2 cents!!! Smile

356GLAS will be winner with Super Gain. - Page 18 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 1:44 pm

invest thinker

invest thinker
Manager - Equity Analytics
Manager - Equity Analytics
Rs.15 is fair, recently i read Asia securities Blackstone deal confirmation article. according to that EV per share Rs.14.70. have more chances, Blackstone again revise MO price.

357GLAS will be winner with Super Gain. - Page 18 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 1:59 pm

vijay singh


Senior Equity Analytic
Senior Equity Analytic
great day, why people struggling. I know few people since long periods. now, watching time. Blackstone is not beggar. world recognized US based larger pvt. equity fund. recently they acquired so many business as a whole. waiting another achievement. extremely sorry for panic people earlier. we told them, you will have to suffer. now times to wait another announcement. GL.

358GLAS will be winner with Super Gain. - Page 18 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 2:05 pm

Nesh


Stock Analytic
Stock Analytic
I think if they are unable to collect more than 90% this time they will have to go for a higher  price. But unfortunately our people are giving away even below 11.60. SAD!

ADVENTUS likes this post

359GLAS will be winner with Super Gain. - Page 18 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 2:07 pm

Nesh


Stock Analytic
Stock Analytic
If they get 90% then we ALL will have to give up at 11.60. Pitty!

360GLAS will be winner with Super Gain. - Page 18 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 2:18 pm

invest thinker

invest thinker
Manager - Equity Analytics
Manager - Equity Analytics
dont care, it is drama. people buy & sold same account.

Nesh likes this post

361GLAS will be winner with Super Gain. - Page 18 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 2:52 pm

Nesh


Stock Analytic
Stock Analytic
Unfortunately, this is CSE.

362GLAS will be winner with Super Gain. - Page 18 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 3:01 pm

ADVENTUS


Manager - Equity Analytics
Manager - Equity Analytics
@invest thinker wrote:dont care, it is drama. people buy & sold same account.
Elaborate please Smile

Thank you

363GLAS will be winner with Super Gain. - Page 18 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 3:25 pm

stockchaser


Manager - Equity Analytics
Manager - Equity Analytics
@ADVENTUS wrote:
@invest thinker wrote:dont care, it is drama. people buy & sold same account.
Elaborate please Smile

Thank you
yes please could you explain Very Happy us about the drama

ADVENTUS likes this post

364GLAS will be winner with Super Gain. - Page 18 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 4:42 pm

samaritan


Moderator
Moderator
@Nesh wrote:Unfortunately, this is CSE.
Sole buyside (Black stone) transaction advisor was Asia securities & sell side JKSB.
There were several advisors for minority share holders.GLAS will be winner with Super Gain. - Page 18 Icon_lol


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

365GLAS will be winner with Super Gain. - Page 18 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 5:48 pm

ADVENTUS


Manager - Equity Analytics
Manager - Equity Analytics
@samaritan wrote:
@Nesh wrote:Unfortunately, this is CSE.
Sole buyside (Black stone) transaction advisor was Asia securities & sell side JKSB.
There were several advisors for minority share holders.GLAS will be winner with Super Gain. - Page 18 Icon_lol
Are you saying that Blackstone is buying now at these prices?

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