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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Strange way of promoting CIFL IPO

Strange way of promoting CIFL IPO

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1Strange way of promoting CIFL IPO Empty Strange way of promoting CIFL IPO Thu Jul 14, 2011 12:06 am

dineshfernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I used to receive Ada Derana updates on my mobile. Today they sent cricket score and at the bottom there was an advert saying that subscribe for CIFL IPO and the closing date also was mentioned.

It seems that the authorities are highly worried that there will be an under subscription for CIFL and using all the tools to promote.

But I strongly believe that we can get this share much cheaper on the first day after they list. My new strategy is to buy it on the first day of trading and on the subsequnt days the directors will push the price as it causes a reputation risk for the entity.

2Strange way of promoting CIFL IPO Empty Re: Strange way of promoting CIFL IPO Thu Jul 14, 2011 12:29 am

Marketinvest

Marketinvest
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
It will be a failure

3Strange way of promoting CIFL IPO Empty Re: Strange way of promoting CIFL IPO Thu Jul 14, 2011 12:52 am

windi5

windi5
Moderator
Moderator
Hmm good idea dineshfernando, if all are stick to that idea, these companies have to price their IPOs at an attractive price, not over valued. VONE and SHL set a good example so we can buy at a bargain price in the CSE rather than vasting our time and making our money stuck in their accounts. Cheers cheers

4Strange way of promoting CIFL IPO Empty Re: Strange way of promoting CIFL IPO Thu Jul 14, 2011 8:38 am

promode


Stock Trader
Although its a good idea, what will happen after 1 hr of trading on first day ? Due to the high demand, the bidding quantity will be several times higher than asking quantity. So the share price will go up to the issue price due to competetion among bidders.

5Strange way of promoting CIFL IPO Empty Re: Strange way of promoting CIFL IPO Thu Jul 14, 2011 6:29 pm

Rajitha

Rajitha
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@windi5 wrote:Hmm good idea dineshfernando, if all are stick to that idea, these companies have to price their IPOs at an attractive price, not over valued. VONE and SHL set a good example so we can buy at a bargain price in the CSE rather than vasting our time and making our money stuck in their accounts. Cheers cheers

VONE is a well priced IPO considering its latest acquisitions before the IPO!! Also VONE did trade at 40% gain at the start and still trading over 25% gain to the IPO price!!

6Strange way of promoting CIFL IPO Empty Re: Strange way of promoting CIFL IPO Thu Jul 14, 2011 6:32 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
@promode wrote:Although its a good idea, what will happen after 1 hr of trading on first day ? Due to the high demand, the bidding quantity will be several times higher than asking quantity. So the share price will go up to the issue price due to competetion among bidders.

Wel Come to the forum

7Strange way of promoting CIFL IPO Empty Re: Strange way of promoting CIFL IPO Thu Jul 14, 2011 10:45 pm

Shehan


Stock Analytic
Stock Analytic
@Rajitha wrote:
@windi5 wrote:Hmm good idea dineshfernando, if all are stick to that idea, these companies have to price their IPOs at an attractive price, not over valued. VONE and SHL set a good example so we can buy at a bargain price in the CSE rather than vasting our time and making our money stuck in their accounts. Cheers cheers

VONE is a well priced IPO considering its latest acquisitions before the IPO!! Also VONE did trade at 40% gain at the start and still trading over 25% gain to the IPO price!!

agreed VONE is a very good ipo considering the current market conditions

8Strange way of promoting CIFL IPO Empty Re: Strange way of promoting CIFL IPO Fri Jul 15, 2011 9:46 am

nadeerawije


Stock Trader
I got several calls from CIFL and they have sent me IPO application to my home even. This guy is so curious whether I invest in this and how much I am going to invest......

As you guys say, they are really worried that this IPO will get under subscribed....

9Strange way of promoting CIFL IPO Empty Re: Strange way of promoting CIFL IPO Fri Jul 15, 2011 9:59 am

PGNN


Manager - Equity Analytics
Manager - Equity Analytics
My experience also something similar to this;

I advertised my car in Autolanka and sold it, CIFL people have taken my contact number from that advertisement and chasing behind me asking to deposit that money. Now they are keep on calling and asking me to buy their share at the IPO and saying that it will go to Rs.22/-


No

10Strange way of promoting CIFL IPO Empty Re: Strange way of promoting CIFL IPO Fri Jul 15, 2011 10:40 am

yoyo

yoyo
Manager - Equity Analytics
Manager - Equity Analytics
Even many of their sales people roaming in the town with CIFL T-shirts to remind general public about the IPO ... LOL

11Strange way of promoting CIFL IPO Empty Re: Strange way of promoting CIFL IPO Fri Jul 15, 2011 11:40 am

Surangaby

Surangaby
Senior Equity Analytic
Senior Equity Analytic
@PGNN wrote:My experience also something similar to this;

I advertised my car in Autolanka and sold it, CIFL people have taken my contact number from that advertisement and chasing behind me asking to deposit that money. Now they are keep on calling and asking me to buy their share at the IPO and saying that it will go to Rs.22/-


No

Same here! I got 2 calls from CIFL, 1 is asking for my money for their FDs, and de other is for their IPO scratch .! I think CIFL has hired some guyz to promote their IPO. It wont happen if they put a lesser price.To make the situation worse, they've entered in the worst time. Anywayz, it's interesting to see what will happen in the opening day and first trading day!

12Strange way of promoting CIFL IPO Empty Re: Strange way of promoting CIFL IPO Fri Jul 15, 2011 11:45 am

Surangaby

Surangaby
Senior Equity Analytic
Senior Equity Analytic
@dineshfernando wrote:I used to receive Ada Derana updates on my mobile. Today they sent cricket score and at the bottom there was an advert saying that subscribe for CIFL IPO and the closing date also was mentioned.

It seems that the authorities are highly worried that there will be an under subscription for CIFL and using all the tools to promote.

But I strongly believe that we can get this share much cheaper on the first day after they list. My new strategy is to buy it on the first day of trading and on the subsequnt days the directors will push the price as it causes a reputation risk for the entity.

Good Strategy! What wd be the price worth buying? pirat

13Strange way of promoting CIFL IPO Empty Re: Strange way of promoting CIFL IPO Fri Jul 15, 2011 11:52 am

manula


Vice President - Equity Analytics
Vice President - Equity Analytics
@Surangaby wrote:
@PGNN wrote:My experience also something similar to this;

I advertised my car in Autolanka and sold it, CIFL people have taken my contact number from that advertisement and chasing behind me asking to deposit that money. Now they are keep on calling and asking me to buy their share at the IPO and saying that it will go to Rs.22/-


No

Same here! I got 2 calls from CIFL, 1 is asking for my money for their FDs, and de other is for their IPO scratch .! I think CIFL has hired some guyz to promote their IPO. It wont happen if they put a lesser price.To make the situation worse, they've entered in the worst time. Anywayz, it's interesting to see what will happen in the opening day and first trading day!

Be careful. I saw in the previous forums some members has made FD s in CFIL and they could not get money back... some have court cases..(What a propaganda for this IPO... They know it will be unsubscribe due to their bad reputation) No

14Strange way of promoting CIFL IPO Empty Re: Strange way of promoting CIFL IPO Fri Jul 15, 2011 12:16 pm

fingihan


Equity Analytic
Equity Analytic
CIFL persons has asked from my friend to invest one millon & you can get 50% return in first day (he has FD in CIFL)

this is cheap promotion.

15Strange way of promoting CIFL IPO Empty Re: Strange way of promoting CIFL IPO Fri Jul 15, 2011 12:29 pm

mra

mra
Manager - Equity Analytics
Manager - Equity Analytics
SLBC is the sole adverting media for CIFL before IPO announcement and now?

16Strange way of promoting CIFL IPO Empty Re: Strange way of promoting CIFL IPO Fri Jul 15, 2011 2:27 pm

Surangaby

Surangaby
Senior Equity Analytic
Senior Equity Analytic
@manula wrote:
@Surangaby wrote:
@PGNN wrote:My experience also something similar to this;

I advertised my car in Autolanka and sold it, CIFL people have taken my contact number from that advertisement and chasing behind me asking to deposit that money. Now they are keep on calling and asking me to buy their share at the IPO and saying that it will go to Rs.22/-


No

Same here! I got 2 calls from CIFL, 1 is asking for my money for their FDs, and de other is for their IPO scratch .! I think CIFL has hired some guyz to promote their IPO. It wont happen if they put a lesser price.To make the situation worse, they've entered in the worst time. Anywayz, it's interesting to see what will happen in the opening day and first trading day!

Be careful. I saw in the previous forums some members has made FD s in CFIL and they could not get money back... some have court cases..(What a propaganda for this IPO... They know it will be unsubscribe due to their bad reputation) No

Thanx manula for da advice! Anywayz I wont go for places like dat. Funny thing is postman keeps dropping CIFL leaflets to my mail box almost everyday (With Sanath Jayasooriya on it) lol!

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