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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Why no one talking about cooperative insurance ipo?

Why no one talking about cooperative insurance ipo?

4 posters

Go down  Message [Page 1 of 1]

N W

N W
Senior Equity Analytic
Senior Equity Analytic

Is it overvalued or a fair price they are giving in your opinion? How much is your TP if you choose to Invest and in what time frame you think?

thankrishan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Is this worth investing for a short term return?

N W

N W
Senior Equity Analytic
Senior Equity Analytic

Have to wait and see what other's think

thankrishan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Im okay with the valuation but its a grey area when it comes to other external factors, including Management of the Company.

N W likes this post

MoneyLover

MoneyLover
Manager - Equity Analytics
Manager - Equity Analytics

thankrishan wrote:Im okay with the valuation but its a grey area when it comes to other external factors, including Management of the Company.

When compared to most of the recent IPOs/Offer-for-Sales Cooperative Insurance IPO is fairly valued. It is a good dividend-paying company so good to hold even longer term. Growth will also be there as the company is capable of reaching untapped rural markets where insurance penetration is very low. 

But I also haven't seen much discussion on it ... Have any brokers released a research paper or made any recommendations to subscribe?? 

Weakness is no controlling shareholder to manipulate share price Embarassed , but foreign funds will attract to it (it is also possible it to acquired so easily by paying a premium price as no anchoring shareholder holds >50%). Although the Board of Directors does not have well-known personalities, the management team is well qualified. 

I am subscribing to it .... unless I get at least 50%-75% return on the opening week I won't sell (hold longer-term).

N W likes this post

N W

N W
Senior Equity Analytic
Senior Equity Analytic

@Adventus what do you think?

Master D


Manager - Equity Analytics
Manager - Equity Analytics

COOP IPO -  Fairly valued.
Most importantly it has a life insurance company under its armour - for which there will be a huge growth potential in increasing intererst rates and low penetrated industry environment.
They operate on a low cost basis simple operations. mostly owned by Coop societies and pays dividend regulalry.

LOLC Insurance only had the value of being a child of LOLC group and having operations outside. but they are only into general insurance which is less profitable.

COOP is something like HNB assurance/ Union assurance in terms of business portfolio. ( dont compare the prices here though)

Its a super penny share price they have proposed, and only 600Million issue, Can easily give 100% return on the first day.
If not I will be holding it.
All insurance companies are bound to do really well in medium term

N W

N W
Senior Equity Analytic
Senior Equity Analytic

Didn't the IPO close for submission on 20th December?

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