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GLAS will be winner with Super Gain.

+67
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361GLAS will be winner with Super Gain. - Page 15 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 15 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 3:01 pm

ADVENTUS


Moderator
Moderator

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 15 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 3:25 pm

stockchaser


Senior Manager - Equity Analytics
Senior 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 15 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 15 Icon_lol

365GLAS will be winner with Super Gain. - Page 15 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 5:48 pm

ADVENTUS


Moderator
Moderator

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 15 Icon_lol
Are you saying that Blackstone is buying now at these prices?

366GLAS will be winner with Super Gain. - Page 15 Empty Re: GLAS will be winner with Super Gain. Wed Mar 31, 2021 7:42 pm

invest thinker

invest thinker
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Be hope majority people reject @ Rs.11.60 and again Blackstone move to EV.  GREAT DEAL.

Chithi and Eranga87 like this post

367GLAS will be winner with Super Gain. - Page 15 Empty Re: GLAS will be winner with Super Gain. Thu Apr 01, 2021 11:29 am

ronstyn53


Equity Analytic
Equity Analytic

Possibility of upward revision of offer. From offer document.

"3.4.6 Working capital and net debt adjustment:
3.4.6.1 The initial Offer Price of LKR 11.60 assumes a certain level of net debt and working capital of PGC as of the 30th of March 2021.
3.4.6.2 Depending on the actual levels of net debt and working capital of PGC as of the 30th of March 2021, the aforesaid Offer Price may be adjusted: (i) only upwards but not downward; and (ii) no later than 20 days from the date of announcement of the Offer.
3.4.6.3 In the event that Offer Price is adjusted upwards, then all Public Shareholders will receive the benefit of this increased price, by way of an increase in the Offer Price.
3.4.6.4 In no event will the Offeror reduce the Offer Price. In other words, in all events, the Public Shareholders will receive at least Sri Lankan Rupees 11.60 per share for their shares."

lal62, Promoney and Nesh like this post

368GLAS will be winner with Super Gain. - Page 15 Empty Re: GLAS will be winner with Super Gain. Thu Apr 01, 2021 11:54 am

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Checkout the order book

369GLAS will be winner with Super Gain. - Page 15 Empty Re: GLAS will be winner with Super Gain. Thu Apr 01, 2021 2:34 pm

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

GLAS will be winner with Super Gain. - Page 15 Scree241

Blackstone is expecting market price to go above 11.60. Thats why they have put this clause to keep the shareholders interested in the MO without selling to the parties that are collecting all the shares

lal62 and Eranga87 like this post

370GLAS will be winner with Super Gain. - Page 15 Empty Re: GLAS will be winner with Super Gain. Thu Apr 01, 2021 5:25 pm

Eranga87


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

hopefully, yes. I also expect the MO price should be closer to EV, secure both parties win-win situation.

Chithi and invest thinker like this post

371GLAS will be winner with Super Gain. - Page 15 Empty Re: GLAS will be winner with Super Gain. Tue Apr 06, 2021 10:40 am

Eranga87


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

AS I earlier mentioned GLAS EV per share Rs.13.70. (now Rs.15). Today, ASIA evaluated value as a GLAS Rs.13.50. KEEP valuables until claim your entire bonanza.

invest thinker likes this post

372GLAS will be winner with Super Gain. - Page 15 Empty Re: GLAS will be winner with Super Gain. Tue Apr 06, 2021 11:50 am

invest thinker

invest thinker
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

GLAS will be winner with Super Gain. - Page 15 Screen14

yes, i remembered. how is your intension about ASIA GLAS @13.50 valuation. it should be again revised?

Eranga87 likes this post

373GLAS will be winner with Super Gain. - Page 15 Empty Re: GLAS will be winner with Super Gain. Tue Apr 06, 2021 7:11 pm

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Eranga87 wrote:AS I earlier mentioned GLAS EV per share Rs.13.70. (now Rs.15). Today, ASIA evaluated value as a GLAS Rs.13.50. KEEP valuables until claim your entire bonanza.

Can you please share the Asia report

374GLAS will be winner with Super Gain. - Page 15 Empty Re: GLAS will be winner with Super Gain. Wed Apr 07, 2021 2:18 am

Eranga87


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

375GLAS will be winner with Super Gain. - Page 15 Empty Re: GLAS will be winner with Super Gain. Wed Apr 07, 2021 2:19 am

Eranga87


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

GLAS will be winner with Super Gain. - Page 15 410

376GLAS will be winner with Super Gain. - Page 15 Empty Re: GLAS will be winner with Super Gain. Wed Apr 07, 2021 8:59 am

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Eranga87 wrote:@promoney

GLAS will be winner with Super Gain. - Page 15 110
GLAS will be winner with Super Gain. - Page 15 210
GLAS will be winner with Super Gain. - Page 15 310

Thanks

Eranga87 likes this post

377GLAS will be winner with Super Gain. - Page 15 Empty Re: GLAS will be winner with Super Gain. Wed Apr 07, 2021 3:14 pm

Nandun


Manager - Equity Analytics
Manager - Equity Analytics

when MO declared at 11.60  why still sell at 11.20? scratch scratch scratch

378GLAS will be winner with Super Gain. - Page 15 Empty Re: GLAS will be winner with Super Gain. Wed Apr 07, 2021 8:26 pm

Nesh


Stock Analytic
Stock Analytic

This is CSE. Crazy investors. They don't know left from right!

379GLAS will be winner with Super Gain. - Page 15 Empty Re: GLAS will be winner with Super Gain. Wed Apr 07, 2021 9:33 pm

Mr. X

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

Nandun wrote:when MO declared at 11.60  why still sell at 11.20? scratch scratch scratch

it can be due to their achievement.. if they recovered what they want from 11.20 price then they will move to another counter, since there are good counters still going at cheaper prices.. and the market is in uptrend, why hold money to get 40 cent gain..   and also the documentation part and manual payments system..

380GLAS will be winner with Super Gain. - Page 15 Empty Re: GLAS will be winner with Super Gain. Wed Apr 07, 2021 9:41 pm

SL-INVESTOR

SL-INVESTOR
Manager - Equity Analytics
Manager - Equity Analytics

Great deal ahead 🥰. Eranga87, what's your plan next.

381GLAS will be winner with Super Gain. - Page 15 Empty Re: GLAS will be winner with Super Gain. Wed Apr 07, 2021 11:37 pm

vijay singh


Manager - Equity Analytics
Manager - Equity Analytics

if you cant hold for some periods, better to accept MO. now great chances here, for panic sellers to accept MO. other people, if can , buy & hold. don't miss both chances person who willing buy & sells (panic sellers).

Mr. X likes this post

382GLAS will be winner with Super Gain. - Page 15 Empty Re: GLAS will be winner with Super Gain. Thu Apr 08, 2021 12:51 am

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Blackstone will definitely revise the price upward, question is what will be that price

383GLAS will be winner with Super Gain. - Page 15 Empty Re: GLAS will be winner with Super Gain. Thu Apr 08, 2021 9:35 am

Eranga87


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

“Blackstone is a leader in glass packaging. Blackstone has superior manufacturing and product design capabilities. They are good at growing and creating value.
Blackstone had acquired Gerresheimer AG, a German glass and plastics packaging maker for pharmaceuticals in 2004 developed it and earned a 7.5 times return in about four years.''

Hopefully, GLAS will become next emerging business, their business almost growing next 2 qtrs. Piramal is the market leader for glass packaging in Sri Lanka and already has an export foothold in several countries. I believed asap Blackstone bring next level capacity expansion investment. I believe, Blackstone may delist this from CSE.

now, you have the opportunity to accept or not MO. you can do anything as you feel. if you unable to hold this, you better accept MO.

As I previously told, GLAS generated a secured and higher potential gain. Hold genuine investors, others can go with MO.

384GLAS will be winner with Super Gain. - Page 15 Empty Re: GLAS will be winner with Super Gain. Thu Apr 08, 2021 10:53 am

Eranga87


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

@promoney may be Rs.12.30-12.50.

Promoney likes this post

385GLAS will be winner with Super Gain. - Page 15 Empty Re: GLAS will be winner with Super Gain. Thu Apr 08, 2021 10:55 am

sandamal


Senior Equity Analytic
Senior Equity Analytic

Eranga87 wrote:“Blackstone is a leader in glass packaging. Blackstone has superior manufacturing and product design capabilities. They are good at growing and creating value.
Blackstone had acquired Gerresheimer AG, a German glass and plastics packaging maker for pharmaceuticals in 2004 developed it and earned a 7.5 times return in about four years.''

Hopefully, GLAS will become next emerging business, their business almost growing next 2 qtrs. Piramal is the market leader for glass packaging in Sri Lanka and already has an export foothold in several countries. I believed asap Blackstone bring next level capacity expansion investment. I believe, Blackstone may delist this from CSE.

now, you have the opportunity to accept or not MO. you can do anything as you feel. if you unable to hold this, you better accept MO.

As I previously told, GLAS generated a secured and higher potential gain. Hold genuine investors, others can go with MO.

Are you suggesting to hold GLAS after de-listing the share ?  afro

386GLAS will be winner with Super Gain. - Page 15 Empty GLASS will be winner with Super Gain. Sun Apr 11, 2021 1:25 am

jason12


Senior Equity Analytic
Senior Equity Analytic

[size=40]Piramal Glass begins a new journey with Blackstone[/size]

Glass packaging manufacturer renamed as PGP Glass, to chase global leadership in premium perfumery and cosmetics, and specialty spirits markets

GLAS will be winner with Super Gain. - Page 15 Salil_3x3_20160226011005_102x77
 
BY [url=https://www.forbesindia.com/search.php?searchtext=Salil Panchal][size=16]SALIL PANCHAL, [size=14]Forbes India Staff
[/url][/size]
6 min read
PUBLISHED: Apr 8, 2021 06:06:39 PM IST
UPDATED: Apr 8, 2021 08:05:46 PM IST[/size]


Glass packaging manufacturer renamed as PGP Glass, to chase global leadership in premium perfumery and cosmetics, and specialty spirits markets


Billionaire industrialist Ajay Piramal’s first acquisition was of Gujarat Glass in 1984, when he was just 29. This month, the company—renamed Piramal Glass in 2008—that manufactures glass packaging for pharmaceutical, cosmetics, perfumery, and specialty food and beverage, has entered a new phase in its corporate journey, acquiring a new parent and a new brand name.

Blackstone acquired the company from the Piramal Group for a valuation of $1 billion in late 2020—the largest ever transaction for a packaging company in India—elbowing out other suitors such as Partners Group AG and Bain Capital. The deal was completed on March 31 and the company, whose near-4,000 staff has been retained, will now have a new name—PGP Glass.  


What made Blackstone interested in an old-world, manufacturing company like Piramal Glass is that it is a global specialist in its space. “Blackstone is betting on the fact that well capitalised companies, which have the ability to add capacity, will benefit because the end use of glass is going to increase,” a person with direct knowledge of the deal told Forbes India. The glass packaging market grows each year approximately by 9 to 10 percent.

Globally, every second nail polish bottle has been made by Piramal Glass. With four manufacturing facilities—one in Missouri, USA; one in Horana, Sri Lanka, and two in Kosamba and Jambusar in Gujarat—80 percent of its revenues come through exports. Piramal Glass currently produces 1,475 tonnes per day, at 12 furnaces for 65 production lines. Its clients include global companies such as Coty, L’Oréal, Diageo, Pernod Ricard and Sanofi. It is one of the few players, globally, using the type-1 glass vials and infusion bottles suitable for complex pharmaceutical products like liquid injectable and oncology drugs.

All of this makes Piramal Glass a highly valued company. It now competes for attention from private, wealthy investors in the crowded basket of 100 unicorns which typically comprise tech-enabled education, logistics, payments, ecommerce and software-as-a-service (SaaS) startups. These, including Piramal Glass, were showcased by Credit Suisse at an investor summit, outlining India’s changing corporate landscape.


Makeover just started

But the makeover of Piramal Glass has just started. For a few years now, Ajay Piramal and the group has been strengthening its focus on the consumer-facing businesses of financial services and pharmaceuticals, which are the drivers for growth for the listed Piramal Enterprises Ltd. Piramal Glass was an independent company in the group and delisted in 2014.


This was done at a time when variable energy costs—which forms a fifth of cost of making glass—were rising. Being a largely commoditised business, highly dependent on fuel prices, glass packaging was starting to be seen as non-core business within the group.

Piramal then delisted the company and made it a closely-held private company. The talk of the group wanting to sell the glass business had also continued to gather pace in recent years. The coming of Blackstone only made clinching of the deal easier. “Blackstone has expertise in the packaging space globally. Its investments in Gerresheimer Glass Packaging in Europe and EPL (formerly Essel Propack) in India demonstrated its track record as a business builder in this sector,” said another source in knowledge of the deal. Piramal and Blackstone have declined to offer their comments to the story.

Despite the pandemic, the business of high-end glass packaging grew in pockets. The cosmetics and perfumery segment saw a 20 percent dip in was demand but the nail polish segment picked up quickly as some Western economies opened up last winter. “The production of high-end liquor bottles in the US was not impacted. In fact, it made up more than what the food and bars demand would have got,” adds the first source, declining to give figures.



PGP Glass is the market leader in the high-end specialty food and beverages segment in the US, with a 50 percent market share, backed by its manufacturing presence there. The company is absent from the high-end liquor market in Europe and the UK, but commands a 7 to 8 percent market share in that region in the cosmetics and perfumery segment.

“The change to ownership to Blackstone is a positive development, as we will now finally be able to fulfil its vision of global leadership in the chosen segments of premium perfumery and cosmetics and specialty spirits,” Vijay Shah, a director on the board of PGP Glass, told Forbes India. Shah—who led Piramal Glass for decades—will continue to be in control of daily operations of the new company. Blackstone’s global operating resources and industry network will work with Shah’s team to drive operations. These will include Gerresheimer AG’s former CEO Uwe Roehrhoff; Harish Manwani, the former global COO of Unilever and now global executive advisor to Blackstone. Another Unilever veteran, Dhaval Buch, who was the former procurement officer there and is also a senior advisor to Blackstone, will also be part of the advisory team.

Shah said growth will be explored through acquisitions and organic growth options. “This will be planned for within the next three to five years,” he added.

Under the new owner, the plan for expansion into new product lines such as food jars and premium water bottles is being finalised. A blueprint is also being created to help gain market share across Europe, particularly in high-end cosmetic and perfumery and specialty spirits, where Piramal Glass does not have a manufacturing unit. In the pharmaceutical space, the increase in regular vaccines and injections has seen the demand for tubular glass vials go up.

Glassmaker gone digital

Blackstone’s attractive price for Piramal Glass came not just because of its ability to manufacture high-end glass. The move to go digital and use data analytics was also important. Piramal Glass was one of the few manufacturing companies in its space which, as early as 2016, embraced going digital and used data analytics to enhance production standards—and hence reduce rejection levels—in their plant monitoring systems.

The glassmaker in 2020 collaborated with global consultant McKinsey to design a long-term data analytics programme, Project Shikhar. This created a digital quotient (DQ) of its employees, which helped to measure digital maturity of a company through benchmarking against companies who have also embarked on a similar journey of digital transformation. Piramal Glass scored an overall DQ score of 55, which is ahead of the industry average DQ score of 27, it said in a January 2021 newsletter. A real-time manufacturing insights (RTMI) was also developed to provide stage-wise losses, production reports, quality control workflows, and role-specific KPIs on computers and smartphones of the plant personnel.

At any time when there is an anomaly detected or the production efficiency drops, actionable alerts were being sent through SMS, email or push notifications. Insiders say that all the data analytics tools from McKinsey would have helped increase Piramal Glass’s bottomline by 5 to 7 percent.

The challenge for Blackstone going ahead will be how to protect profitability in an input-cost inflationary environment, when demand for some segments of the glass market is under pressure. Some of these are external factors such as currency movements, energy costs and freight charges. Another critical factor, as Shah said, would be how the company can start to make acquisitions to boost their European region business. A challenging and fascinating journey lies ahead for this glass maker.




https://www.forbesindia.com/article/take-one-big-story-of-the-day/piramal-glass-begins-a-new-journey-with-blackstone/67361/1

Eranga87 likes this post

387GLAS will be winner with Super Gain. - Page 15 Empty Re: GLAS will be winner with Super Gain. Sun Apr 11, 2021 7:36 pm

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Only 5 more trading days till the MO close.. expect some fireworks 🔥

Chithi and ADVENTUS like this post

388GLAS will be winner with Super Gain. - Page 15 Empty Re: GLAS will be winner with Super Gain. Mon Apr 12, 2021 10:58 am

Eranga87


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

I am waiting.. for cleaning remains another part of dust Smile .

389GLAS will be winner with Super Gain. - Page 15 Empty Re: GLAS will be winner with Super Gain. Fri Apr 16, 2021 7:10 pm

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Glass cleared 11.30
Do you really think that the ppl who buy in these qualities at 11.20, 11.30 levels are going to subscribe for the Mandatory Offer, which will disburse funds in another month's time to get to get less than 1.4%

390GLAS will be winner with Super Gain. - Page 15 Empty Re: GLAS will be winner with Super Gain. Fri Apr 16, 2021 7:27 pm

jason12


Senior Equity Analytic
Senior Equity Analytic

Promoney wrote:Glass cleared 11.30
Do you really think that the ppl who buy in these qualities at 11.20, 11.30 levels are going to subscribe for the Mandatory Offer, which will disburse funds in another month's time to get to get less than 1.4%

 Trades summary GLAS.N0000
 01/04/2021 - 16/04/2021
 Back  Trades  OrderBook  Print
PriceTotal QtyTotal ValueChangeLot
11.202,000,00022,400,0000.00C
11.10444,8194,937,491-0.10N
11.2014,487,842162,263,8300.00N
11.303,684,40741,633,7990.10N
11.4034,258390,5410.20N

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