PIRAMAL GLASS CEYLON PLC (GLAS.N0000)

Eranga87 wrote:just only name change .

jason12 wrote:

Eranga87 wrote:just only name change .

https://bnews.online/blackstone-notifies-cci-of-its-proposed-acquisition-of-piramal-glass/

Thushara Ayya wrote:

jason12 wrote:

Eranga87 wrote:just only name change .

https://bnews.online/blackstone-notifies-cci-of-its-proposed-acquisition-of-piramal-glass/

So... What will be  tomorrow closing price.... Predict...

jason12 wrote:

Eranga87 wrote:just only name change .

https://bnews.online/blackstone-notifies-cci-of-its-proposed-acquisition-of-piramal-glass/

Happy trade with GLAS.

Eranga87 wrote:

jason12 wrote:

Eranga87 wrote:just only name change .

https://bnews.online/blackstone-notifies-cci-of-its-proposed-acquisition-of-piramal-glass/

Thank you, Jason12 uploading link.



path clear. before flying GLAS, Collect from current level. higher acquisition prices, coming in Mandatory offer,  upcoming 3rd qtr impressive financial performance, pending dividend announcement etc. all these KEY factors lead to rise price of GLAS. As i earlier mentioned reasons for GLAS buying sentiments., i keep GLAS as investment rather than trading. because of , GLAS is potentially most valuable stock. it will generate more revenue utilizing market opportunities and create highest value. it deserve your investment.



Happy trade with GLAS.

geesura wrote:GLAS

RJ1010 wrote:

geesura wrote:GLAS

Wow what a move

snipo wrote:There is news that a big player is after it! 

KingMaker2020 wrote:

snipo wrote:There is news that a big player is after it! 

Care to reveal the name. perhaps?

Value Pick wrote:

KingMaker2020 wrote:

snipo wrote:There is news that a big player is after it! 

Care to reveal the name. perhaps?

GLAS will be a Rs13++++ plus share in fe days time.
On Dec 11th GLAS hitn Rs10.80 with 108.5mn shares. Later get settled & came down only towards Rs9.0 levels.

Collected nicely for the last one month period & yesterday GLAS started it's second move to hit the previous high of Rs10.80.

Good volume noted above 16.0mn shares....

There is a good chance GLAS to report more than Rs1.0 EPS for the year....

Accountant wrote:

Value Pick wrote:

KingMaker2020 wrote:

snipo wrote:There is news that a big player is after it! 

Care to reveal the name. perhaps?

GLAS will be a Rs13++++ plus share in fe days time.
On Dec 11th GLAS hitn Rs10.80 with 108.5mn shares. Later get settled & came down only towards Rs9.0 levels.

Collected nicely for the last one month period & yesterday GLAS started it's second move to hit the previous high of Rs10.80.

Good volume noted above 16.0mn shares....

There is a good chance GLAS to report more than Rs1.0 EPS for the year....

I totally agree, I also could see this as a 13+ Share. I have posted a comment few month back regarding a calculation I did from PE & EPS. I did some what of a technical analysis as well, thought of adding that into the feed as well.

Kayp wrote:

100Bill wrote:With the latest deal, Blackstone will gain from Piramal Glass’ large clientele. Piramal Glass is a major supplier to companies including Coty, L'Oreal, Diageo, Pernod Ricard and Sanofi.

The company controls a majority market share in India and Sri Lanka, with expanding footprint in the US and Europe.

Piramal Glass is one of the four players globally to have type 1 pharma glass capabilities that is used for complex products like liquid injectable drugs, which saw a surge in demand during the coronavirus pandemic.

In the export markets, Piramal is number one globally in manufacturing and supplying nail polish glass (33% volume share) and is the number one in the US in specialty spirits bottles.
The global glass market targeted by Piramal Glass is estimated at $10 billion, growing at CAGR of 3%.
Glass manufacturing facilities are increasingly being shifted from high cost locations in Europe and the US to emerging markets such as India. Also, consumers are replacing plastic containers with recyclable glass bottles.
During fiscal 2020, Piramal Glass recorded a revenue of $293 million. Between FY2017 and FY2020, the company’s revenue grew at a CAGR of 5.3%, while EBITDA increased at a CAGR of 9.7%.

https://www.livemint.com/companies/news/blackstone-to-buy-piramal-glass-for-1-billion/amp-11607677639729.html

Fair value of the share  13.50 LKR....

Cheers..........

Promoney wrote:Good share, but heavy selling at these levels, with a packed sell book. Gets pushed down to 9.30 - 9.50 levels

100Bill wrote:

100Bill wrote:With the latest deal, Blackstone will gain from Piramal Glass’ large clientele. Piramal Glass is a major supplier to companies including Coty, L'Oreal, Diageo, Pernod Ricard and Sanofi.

The company controls a majority market share in India and Sri Lanka, with expanding footprint in the US and Europe.

Piramal Glass is one of the four players globally to have type 1 pharma glass capabilities that is used for complex products like liquid injectable drugs, which saw a surge in demand during the coronavirus pandemic.

In the export markets, Piramal is number one globally in manufacturing and supplying nail polish glass (33% volume share) and is the number one in the US in specialty spirits bottles.
The global glass market targeted by Piramal Glass is estimated at $10 billion, growing at CAGR of 3%.
Glass manufacturing facilities are increasingly being shifted from high cost locations in Europe and the US to emerging markets such as India. Also, consumers are replacing plastic containers with recyclable glass bottles.
During fiscal 2020, Piramal Glass recorded a revenue of $293 million. Between FY2017 and FY2020, the company’s revenue grew at a CAGR of 5.3%, while EBITDA increased at a CAGR of 9.7%.

https://www.livemint.com/companies/news/blackstone-to-buy-piramal-glass-for-1-billion/amp-11607677639729.html

Fair value of the share  13.50 LKR....

Cheers..........

My early post regarding fair value 13.50Lkr.
key is the patience.

High-flyer wrote:

Promoney wrote:Good share, but heavy selling at these levels, with a packed sell book. Gets pushed down to 9.30 - 9.50 levels

And buying too. 

Held the price at 9.70 - 10. Mostly traded close to 10.