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Textured Jersey Lanka Ltd - 3 times oversubscribed

+2
Ransiri Silva
Chabbi
6 posters

Go down  Message [Page 1 of 1]

Chabbi

Chabbi
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

http://www.cse.lk/cmt/upload_cse_announcements/2731310968927_.pdf
Disappointed Sad Will See

Ransiri Silva

Ransiri Silva
Equity Analytic
Equity Analytic

Sorry to ask, why are you disappointed?

a_randy

a_randy
Manager - Equity Analytics
Manager - Equity Analytics

Ransiri Silva wrote:Sorry to ask, why are you disappointed?

Coz doubt with the share allotment..

Chabbi

Chabbi
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

a_randy wrote:
Ransiri Silva wrote:Sorry to ask, why are you disappointed?

Coz doubt with the share allotment..

no mate

in the over subscription rate we can think the basic of demand & supply concept. when thr is very high demand prices will get rocketed Very Happy bcz supplies wont fill the demand ... but in this case it shows lower demand... tht means thr may be huge sellers .... that means prices will hike ... but not @ huge rate ....

hop u get it Very Happy

econ

econ
Global Moderator

i think we may buy this share below ipo price in first week of its initial trading if not first day

a_randy

a_randy
Manager - Equity Analytics
Manager - Equity Analytics

Yeah that's correct dude, I agreed. I just realized and said the normal thing regarding the share allotment in IPO's. Comparing to previous IPO's here oversubscribe is three fold is not a big demand. According to D/ S Theory you have already explained the things could happen. However, there is mistake on my side & i apologize from you guys Very Happy

ENOUGH IPO'S AT THIS STAGE Mad

Chabbi

Chabbi
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

a_randy wrote:Yeah that's correct dude, I agreed. I just realized and said the normal thing regarding the share allotment in IPO's. Comparing to previous IPO's here oversubscribe is three fold is not a big demand. According to D/ S Theory you have already explained the things could happen. However, there is mistake on my side & i apologize from you guys Very Happy

ENOUGH IPO'S AT THIS STAGE Mad

Yeah i applied only because of Pvt Plcmnt guys ....

If u notice many many big fishes bought huge Qty @ same price .... I was confidence i will sell this share on 2nd day aftr looking 1st day's collector Razz

a_randy

a_randy
Manager - Equity Analytics
Manager - Equity Analytics

lol!

Chabbi

Chabbi
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

a_randy wrote: lol!

lol!lol!lol!lol!lol!lol!lol!lol!lol!lol!

investor1984

investor1984
Manager - Equity Analytics
Manager - Equity Analytics

But this time real money been attracted... Not the usual bank guarantees. If u check the figures , you will see that number of applications backed by cheques and bank draft are higher than the bank guarantee amount. I think that is a good sign. So this is really over subscribed, not a fake 250 or 150 times like in some previous issue. People who invested real money wont back away from this share. Other plus factor i see is that PP price is the same , so we dont have to worry about some PP guy dumping their stake on very first day less than the price we got the share.

sanjeewa88

sanjeewa88
Manager - Equity Analytics
Manager - Equity Analytics

econ wrote:i think we may buy this share below ipo price in first week of its initial trading if not first day

Do you think Textured is over priced at IPO?

Or does the current market condition put it down at the very first day?

econ

econ
Global Moderator

sanjeewa88 wrote:
econ wrote:i think we may buy this share below ipo price in first week of its initial trading if not first day

Do you think Textured is over priced at IPO?

Or does the current market condition put it down at the very first day?

Actually I am not that optimistic about this apparel export business. Risk is too high.
I think current market condition put it down to lower prices in few days time.

sanjeewa88

sanjeewa88
Manager - Equity Analytics
Manager - Equity Analytics

econ wrote:
sanjeewa88 wrote:
econ wrote:i think we may buy this share below ipo price in first week of its initial trading if not first day

Do you think Textured is over priced at IPO?

Or does the current market condition put it down at the very first day?

Actually I am not that optimistic about this apparel export business. Risk is too high.
I think current market condition put it down to lower prices in few days time.

1). Cotton price hike
2). European crisis

Are you highlighting these 2 factors or current CSE conditions?

econ

econ
Global Moderator

sanjeewa88 wrote:
econ wrote:
sanjeewa88 wrote:
econ wrote:i think we may buy this share below ipo price in first week of its initial trading if not first day

Do you think Textured is over priced at IPO?

Or does the current market condition put it down at the very first day?

Actually I am not that optimistic about this apparel export business. Risk is too high.
I think current market condition put it down to lower prices in few days time.

1). Cotton price hike
2). European crisis

Are you highlighting these 2 factors or current CSE conditions?

Yes.. all these issues have negative impact on Apperal sector.
beside this sector is highly competitive not only from sri lankan appreal makers but many firms from other developing countries.

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