FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» What will happen tomorrow?
by Promoney Today at 10:20 am

» "MFL" DEAL to 12 RS (multi finance plc)
by samaritan Today at 9:13 am

» Synergies of possible merger between Sampath Bank and PABC
by Walbaba Today at 7:59 am

» FUTURE of BROWNS INVESTMENT PLC (BIL)
by ONTHEMONEY Sat May 08, 2021 6:53 pm

» Sri Lanka Investment Forum 2021
by samaritan Sat May 08, 2021 1:06 pm

» Related party transactions in Banks cause concerns
by ChooBoy Fri May 07, 2021 10:59 pm

» Daily Foreign Transactions
by Pradeep90 Fri May 07, 2021 10:24 pm

» Japanese money laundering via PABC Bank raise CB eye brows
by Lotus Eater Fri May 07, 2021 9:34 pm

» Principal governmental and regulatory policies that govern the banking sector in Sri Lanka
by Lotus Eater Fri May 07, 2021 9:18 pm

» Ban of chemical fertilizers is a great news
by ADVENTUS Fri May 07, 2021 6:29 pm

» DIPD/HAYC/HAYL
by ADVENTUS Fri May 07, 2021 1:11 pm

» Peoples leasing technically positive Target Price Rs 20
by Eranx Fri May 07, 2021 11:30 am

» PEOPLE'S LEASING & FINANCE PLC
by Eranx Fri May 07, 2021 11:29 am

» GLAS will be winner with Super Gain.
by Promoney Thu May 06, 2021 10:30 pm

» What happens in the market is absolutely 100% out of your control. Stock market for beginners
by Asoka Samarakone Thu May 06, 2021 9:45 pm

» ACCESS ENGINEERING ( AEL.N )
by ADVENTUS Thu May 06, 2021 1:50 pm

» Prime Lands Residencies Limited (PLR)
by Nandun Thu May 06, 2021 10:42 am

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by Captain Wed May 05, 2021 11:51 pm

» Growing Fear
by Wickyz Wed May 05, 2021 8:15 pm

» CONGRATULATIONS TO FINANCIAL CHRONICLE ON THIS 11TH YEAR
by CHRONICLE™ Wed May 05, 2021 3:31 pm

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Prime Lands Residencies Limited (PLR)

Prime Lands Residencies Limited (PLR)

Go down  Message [Page 1 of 1]

1Prime Lands Residencies Limited (PLR) Empty Prime Lands Residencies Limited (PLR) Mon Apr 26, 2021 7:38 pm

High-flyer

High-flyer
Manager - Equity Analytics
Manager - Equity Analytics
IPO Details


Prime Lands Residencies Limited

- IPO Issue                  - 100Mn or 187.5Mn at 10.40

- Opening Date            - 11 May 2021

- Current Issued capital is 750Mn share among 4 Directors. Those shares are suspend for 6 month from date of Listing.

- IPO Proceeds to be used for Purchase of Land in Meegoda (333Mn), Settlement of Import Loans (188Mn), To cover Construction cost (1,428 Mn)  



Financial Details

- EPS as of 31 Jan 2021 is LKR 0.99 (10 Months)
- 12 Month expected EPS LKR 1.3
- Latest DPS (2019) is LKR 0.30

Future Prospects


- Sold Property value - 27 Bn
- Work in Progress - 34 Bn
- Projects in Planning - 16 Bn

- Prime Land has 3.4 Bn worth of Apartment to sell in next few years which are completed. 
- Prime land has 9 Bn revenue to recognised in Coming years from already sold apartment. GP Margin is around 25%
- Prime land has 24 Bn worth of Apartments under construction and all such apartment to be completed 90% in 2022.

Valuation as per Prospect

Discounted CF - LKR 15.82
PE Actual         - LKR 16.34
PE Expected     - LKR 20.02

Eranx


Equity Analytic
Equity Analytic
Low NAVPS for a real estate company

Nandun likes this post

High-flyer

High-flyer
Manager - Equity Analytics
Manager - Equity Analytics
@Eranx wrote:Low NAVPS for a real estate company


Even though it is categorized as Real Estate Company, they do not hold much of Investment properties like OSEA or RIL. 

Prime Land is a property developer who buy lands, develop it and sell it. 

So there is no Land or Building under PLR to boost NAV.

Only assets they have is Office Building & Bear Land in Borella.

sheildskye and Galeon like this post

4Prime Lands Residencies Limited (PLR) Empty Re: Prime Lands Residencies Limited (PLR) Mon May 03, 2021 10:35 am

Galeon


Stock Trader
The proceeds from IPO will not generate any new business value. These will be used only to settle existing debts and pending payments to lands already purchased.

In my view, investors money is better invested somewhere else than getting tied down on this IPO. Post IPO majority ownership will remain with the current owners hence any future value addition to the share value is highly doubtful.

Nandun likes this post

5Prime Lands Residencies Limited (PLR) Empty Re: Prime Lands Residencies Limited (PLR) Thu May 06, 2021 12:29 am

N W

N W
Equity Analytic
Equity Analytic
Any idea if it will spike due to hype when listed from it's IPO value of 10.4rs to something like 11.5 to 12? Since even Windforce which didn't have much of a public brand reputation had the spike from it's 16rs IPO to around 18-20rs..

Thoughts on this anyone?

6Prime Lands Residencies Limited (PLR) Empty Re: Prime Lands Residencies Limited (PLR) Thu May 06, 2021 10:42 am

Nandun


Senior Equity Analytic
Senior Equity Analytic
@N W wrote:Any idea if it will spike due to hype when listed from it's IPO value of 10.4rs to something like 11.5 to 12? Since even Windforce which didn't have much of a public brand reputation had the spike from it's 16rs IPO to around 18-20rs..

Thoughts on this anyone?
Don't compare with Windforce. they did't do any marketing for their IPO because with their prospectus investors could identify the value but Prime doesn't feel like that(my personal view) and they do lot TV advertisement also like lucky lanka.

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum