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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » JAT IPO Max Price Prediction

JAT IPO Max Price Prediction

+7
MoneyLover
Vishwanarth
ColomboCSE
Eranx
Hawk Eye
Berryfund
N W
11 posters

Go down  Message [Page 1 of 1]

1JAT IPO Max Price Prediction Empty JAT IPO Max Price Prediction Tue Jul 06, 2021 4:41 pm

N W

N W
Equity Analytic
Equity Analytic
What do you all think will be max price it will go to before it falls?
Also based on your judgement how long will upward trend last?
For those who don't know IPO starting price is 27LKR

I think it can make it to around 37-40 range tops and after around 2-3days selling will topple the upward trend and bring it to a stand still or trend reversal.

N W likes this post

2JAT IPO Max Price Prediction Empty Re: JAT IPO Max Price Prediction Tue Jul 06, 2021 5:37 pm

N W

N W
Equity Analytic
Equity Analytic
anyone?

3JAT IPO Max Price Prediction Empty Re: JAT IPO Max Price Prediction Tue Jul 06, 2021 6:53 pm

Berryfund


Equity Analytic
Equity Analytic
JAT IPO is overpriced. The starting price of 27 suits to Bangladesh stock market, not the CSE. If they can make 913 million, EPS will be around 1.79 and NAV of 10.49 then PBV is 2.57.

4JAT IPO Max Price Prediction Empty Re: JAT IPO Max Price Prediction Tue Jul 06, 2021 7:28 pm

Hawk Eye

Hawk Eye
Expert
Expert
I didnt go through the Prospectus yet , but just thought to reply after reading the thread

Why would someone buy it at 37-40 if he knows that it is going to come down in 3 days
small investors like us buy stocks to make some profit ST, and some long term from their savings expecting it to multiply.

So definitely the 37-40 is a carrot 

If its EPS is 1.79 at the current market PE its worth around 18-19 so why would someone want to buy short term at 27? Shouldn't they offer at a discount to attract investors

Same thing from the past repeating. remember HVA, PCH,PC Pharma, OGL, GSF

dayandacool likes this post

5JAT IPO Max Price Prediction Empty Re: JAT IPO Max Price Prediction Tue Jul 06, 2021 8:24 pm

N W

N W
Equity Analytic
Equity Analytic
JAT does feel kind of overpriced at the Initial offering of 27 but it does have a good brand presence Internationally...

6JAT IPO Max Price Prediction Empty Re: JAT IPO Max Price Prediction Tue Jul 06, 2021 8:50 pm

Eranx


Senior Equity Analytic
Senior Equity Analytic
Best to start @27 and to end @10..

7JAT IPO Max Price Prediction Empty Re: JAT IPO Max Price Prediction Tue Jul 06, 2021 10:12 pm

Hawk Eye

Hawk Eye
Expert
Expert
Earlier some years back Dhammika Perera had had a look at the Business, and told the management for him its only the land and the Building is worth, not the Business 

JAT was a good business with PAINT until they started destroying Hantana plains burning tress and forest  trying to venture in to housing buiness. Please read the article in the link which reveals everything
https://archive.ceylontoday.lk/features-more/3101

Then there was another fraudulent business by them JAT fertiliser, and submitting bogus certificates
Rs 10 Billion Fertilizer Deal Suffers Tender Bender: Agriculture Minister Threatens To Sack Secretary
https://www.colombotelegraph.com/index.php/rs-10-billion-fertilizer-deal-suffers-tender-bender-agriculture-minister-threatens-to-sack-secretary/


According to some sources they have lost big amount with these 02 projects. Now a rosy prospectus to dump it on poor investors

HE

8JAT IPO Max Price Prediction Empty Re: JAT IPO Max Price Prediction Tue Jul 06, 2021 11:43 pm

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics
@Berryfund wrote:JAT IPO is overpriced. The starting price of 27 suits to Bangladesh stock market, not the CSE. If they can make 913 million, EPS will be around 1.79 and NAV of 10.49 then PBV is 2.57.

Yes! for me also it's overpriced. but good company. for me they are genuine first time seen IPO as exit plan for shareholder(Emerald Sri Lanka)  in CSE. 
Is anyone know when Emerald Sri Lanka enter to JAT and price?

9JAT IPO Max Price Prediction Empty Re: JAT IPO Max Price Prediction Tue Jul 06, 2021 11:46 pm

Vishwanarth


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
If BR is ready to change his behaviour for good side aiming his next election, his capacity can help financial of the county and stock market also will be back to its credible operating style with demand uptrend.If market feels and smells of good credible tomorrow IPOs will be big race



Last edited by Vishwanarth on Tue Jul 06, 2021 11:48 pm; edited 1 time in total

10JAT IPO Max Price Prediction Empty Re: JAT IPO Max Price Prediction Tue Jul 06, 2021 11:48 pm

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics
@Hawk Eye wrote:Earlier some years back Dhammika Perera had had a look at the Business, and told the management for him its only the land and the Building is worth, not the Business 

JAT was a good business with PAINT until they started destroying Hantana plains burning tress and forest  trying to venture in to housing buiness. Please read the article in the link which reveals everything
https://archive.ceylontoday.lk/features-more/3101

Then there was another fraudulent business by them JAT fertiliser, and submitting bogus certificates
Rs 10 Billion Fertilizer Deal Suffers Tender Bender: Agriculture Minister Threatens To Sack Secretary
https://www.colombotelegraph.com/index.php/rs-10-billion-fertilizer-deal-suffers-tender-bender-agriculture-minister-threatens-to-sack-secretary/


According to some sources they have lost big amount with these 02 projects. Now a rosy prospectus to dump it on poor investors

HE

Thanks for the information.

11JAT IPO Max Price Prediction Empty JAT IPO Max Price Prediction Tue Jul 06, 2021 11:58 pm

MoneyLover

MoneyLover
Manager - Equity Analytics
Manager - Equity Analytics
@ColomboCSE wrote:
@Berryfund wrote:JAT IPO is overpriced. The starting price of 27 suits to Bangladesh stock market, not the CSE. If they can make 913 million, EPS will be around 1.79 and NAV of 10.49 then PBV is 2.57.

Yes! for me also it's overpriced. but good company. for me they are genuine first time seen IPO as exit plan for shareholder(Emerald Sri Lanka)  in CSE. 
Is anyone know when Emerald Sri Lanka enter to JAT and price?

'Offer for Sale' element already destroyed investor sentiment. By offering a stake at the same issue price of 27/- implies its immediate future prospects. Maybe promoters and brokers push it slightly above the issue price in initial trading nothing beyond that ...

12JAT IPO Max Price Prediction Empty JAT IPO Max Price Prediction Wed Jul 07, 2021 12:29 am

N W

N W
Equity Analytic
Equity Analytic
@Hawk Eye wrote:Earlier some years back Dhammika Perera had had a look at the Business, and told the management for him its only the land and the Building is worth, not the Business 

JAT was a good business with PAINT until they started destroying Hantana plains burning tress and forest  trying to venture in to housing buiness. Please read the article in the link which reveals everything
https://archive.ceylontoday.lk/features-more/3101

Then there was another fraudulent business by them JAT fertiliser, and submitting bogus certificates
Rs 10 Billion Fertilizer Deal Suffers Tender Bender: Agriculture Minister Threatens To Sack Secretary
https://www.colombotelegraph.com/index.php/rs-10-billion-fertilizer-deal-suffers-tender-bender-agriculture-minister-threatens-to-sack-secretary/


According to some sources they have lost big amount with these 02 projects. Now a rosy prospectus to dump it on poor investors

HE


Solid information here so not gonna invest the amount I had in mind earlier maybe will go for a tiny value and see how it turns out. Overall will there be enough market hype to drive it to increase straight off the bat?

13JAT IPO Max Price Prediction Empty Re: JAT IPO Max Price Prediction Thu Jul 08, 2021 11:41 pm

Vishwanarth


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Collect some DPL and it will give you cap gain soon

14JAT IPO Max Price Prediction Empty Re: JAT IPO Max Price Prediction Fri Jul 09, 2021 2:08 am

celtic tiger


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
cse IPO's generally overvalued.

15JAT IPO Max Price Prediction Empty Re: JAT IPO Max Price Prediction Fri Jul 09, 2021 8:07 am

chandike73

chandike73
Senior Equity Analytic
Senior Equity Analytic
Thats is not good as retail invsaters may loose their confidence on making some short term profit through an IPO and finally it will affect for subscription.

agentnrox likes this post

16JAT IPO Max Price Prediction Empty Re: JAT IPO Max Price Prediction Sat Jul 10, 2021 7:00 am

CHRONICLE™

CHRONICLE™
Admin
JAT Holdings, Sri Lanka’s premier finishing, living and furnishing business, yesterday formally announced its Rs. 2.23 billion Initial Public Offering (IPO) scheduled for 20 July issuing 82.9 million voting shares at Rs. 27 each.

Cash positive JAT Holdings will utilise the capital to strengthen its expansion into South Asia and Africa, whilst the company has already established itself in Bangladesh as market leader in wood coatings and finishing products, transforming user experience in that market.

From funds raised via the IPO, around Rs. 500 million will be used to set up manufacturing facilities in Bangladesh, Rs. 300 million for similar facilities in Africa, a further Rs. 300 million will be deployed to develop a state-of-the-art research facility in Sri Lanka, whilst the remainder would be utilised to enhance the company’s White

by JAT portfolio.

The IPO is managed by NDB Bank, who remarked the valuation points to immediate capital gains of 20%, with a price earnings ratio of ten times as per its projections for 2022. They anticipate investors to receive long-term returns of 30%, adding that paints companies globally have always delivered significantly health premiums compared to most other construction business.

Addressing a briefing on the JAT IPO yesterday, its Chairman, Dr. Sivakumar Selliah, underscored the company’s commitment to corporate governance, noting that despite JAT hitherto being a non-listed company, it had published Annual Reports for the past few years, which have bagged a number of awards. He remarked that all statutory committees have been in operation within the company for a period of time, including an investment committee, headed by independent directors.

A question was raised if ongoing restrictions on outward foreign exchange remittances and its possible extension could hamper JAT’s foreign expansion plans. The company responded that overseas expansion is conducted under JAT Exports DMCC, which is incorporated overseas and is cash rich, plus, billed to deliver further significant returns from operations this year.

Accordingly, JAT Holdings is well prepared to fund its overseas investments for a period of time via JAT Exports DMCC, and poses no obstacles in the event the restrictions in Sri Lanka are extended the company said. JAT is considering listing its operations in Bangladesh on the Stock Exchange there based on performance there in four to five years’ time it was revealed.

Speaking during the briefing, JAT Holdings Founder and Managing Director Aelian Gunawardene said his company – which commences business in 1993 – had delivered a turnover of Rs. 1 billion by 2011, and then Rs. 9 billion by 2021, demonstrating its strength and dominant position in the market.

He remarked this was partly due to the commitment and investment it made in training over 30,000 painters in Sri Lanka from almost every furniture company from the outset, and a further 20,000 in Bangladesh, and thus enjoy a wide customer base who believe in their products and quality.

The transition to low-voc environmentally friendly products had later opened up domestic markets in addition to industrial customers, and touched on the complete transformation the company has spearheaded in Bangladesh.

“We are a cash positive company, and we have already set forth in motion the plans we have set out. We want to further unlock the potential of the company and enable our citizens and stakeholders to be part of this journey through this IPO,” Gunawardene said.

Responding to further questions, the company said despite the slowdown from the pandemic and impact on tourism business, demand from household sector has delivered over Rs. 3 billion in turnover to JAT, and the company expects pent up demand to drive further growth as tourism reopens towards end of the year.

https://www.ft.lk/front-page/JAT-says-Rs-2-23-b-IPO-to-bolster-expansion-here-and-overseas/44-720231?fbclid=IwAR2oSyDhR99V57n2D8WrCaUtEwxMbpR2Ew1LzcflEbVt8Q9v0PRjdkIU7kE

https://www.srilankachronicle.com

17JAT IPO Max Price Prediction Empty Re: JAT IPO Max Price Prediction Sat Jul 10, 2021 2:16 pm

N W

N W
Equity Analytic
Equity Analytic
Eventhough this IPO has a lot of people saying it aint good I have a feeling it will have a rapid increase and be a bit more stable. Cuz if we look at previous ones example PLR they had a lot of PR with some well known investment yt channel owners also doing video's about them but the increase was there and then sharp cut off due to massive selling. 

While this has super low pr except for broker promo ongoing

18JAT IPO Max Price Prediction Empty Re: JAT IPO Max Price Prediction Sat Jul 10, 2021 7:16 pm

Hawk Eye

Hawk Eye
Expert
Expert
What is the NA Value ?

19JAT IPO Max Price Prediction Empty Re: JAT IPO Max Price Prediction Sun Jul 11, 2021 8:11 am

ChooBoy


Manager - Equity Analytics
Manager - Equity Analytics
Way too many issues , take it seriously and don’t waste your money on this JAT IPO:

1. IPO funds are for investment expansion in Africa and Bangladesh - as per *new foreign exchange act* you cannot take the money out in any form for overseas investments

2. EPS and DPS is in almost cents and not rupee even

You have better stocks paying good dividends like *LWL RCL* (JAT comparison, not mine)

So they will take your money and invest in at least a FD or a secured bond and make money till Sri Lanka opens up outward remittances.

Casino players will oversubscribe the IPO.

Hotel sector and luxury villas are closed - refurbishment of wood fittings Are very limited as sector is affected by COVID

New buildings and developments are reducing wood due to increasing prices and shifting to less hassle Aluminium with better finish. - *make note!!*

https://media.securecontent.dev/wp-content/uploads/2021/07/04195500/Prospectus-JAT-Holdings-Limited.pdf


JAT IPO Max Price Prediction J210
JAT IPO Max Price Prediction J110



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