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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » - Overpriced IPOs & The SEC -

- Overpriced IPOs & The SEC -

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1- Overpriced IPOs & The SEC - Empty - Overpriced IPOs & The SEC - Mon Aug 08, 2011 7:46 am

Chanuque

Chanuque
Manager - Equity Analytics
Manager - Equity Analytics
Overpricing practice when it comes to IPOs and PPs should not be tolerated by the SEC though they keep entertain it up to now. PLCs are exploiting the minority interest parties with their corporate image as a Carrot where creates the post IPO investor frustration and stagnate the dynamism of the market. Oversubscribed IPOs mean everyone is after short term buck instead of long term placement as some board members are even disposing their quantities on the very first day of the IPO which is illegal elsewhere .. The marriage between PLCs and the SEC seemingly kills the retail investor with no mercy .. !

2- Overpriced IPOs & The SEC - Empty IPO Price Mon Aug 08, 2011 9:03 am

poshkid


Equity Analytic
Equity Analytic
There should be a justifiable way to calculate the IPO share price based on the company's actual value and the number of shares issued.

SEC should not let a company sell a share at Rs. 25/- when its actual value is Rs. 5/-. Question


Maybe SEC is corrupt as our parliament and keeps quiet since they get a cut out from these crooked IPOs.

3- Overpriced IPOs & The SEC - Empty Re: - Overpriced IPOs & The SEC - Mon Aug 08, 2011 10:15 am

Deva


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@poshkid wrote:There should be a justifiable way to calculate the IPO share price based on the company's actual value and the number of shares issued.

SEC should not let a company sell a share at Rs. 25/- when its actual value is Rs. 5/-. Question


Maybe SEC is corrupt as our parliament and keeps quiet since they get a cut out from these crooked IPOs.

Obviously, Head of SEC is wife of the Most powerful politicians secretary.

4- Overpriced IPOs & The SEC - Empty Re: - Overpriced IPOs & The SEC - Mon Aug 08, 2011 10:47 am

warren buff


Equity Analytic
Equity Analytic
I think the greedy investment Banks/promoters are to be blamed ,they have no ethics,they try to extract(raise) the maximum possible value for the company,without giving due consideration for the retail investor or the share performance in the secondary market subsequent to listing,thereby, killing the proverbial goose, that lays the golden egg.I think the IPO party is over!

5- Overpriced IPOs & The SEC - Empty Re: - Overpriced IPOs & The SEC - Mon Aug 08, 2011 11:59 am

poshkid


Equity Analytic
Equity Analytic
@warren buff wrote:I think the greedy investment Banks/promoters are to be blamed ,they have no ethics,they try to extract(raise) the maximum possible value for the company,without giving due consideration for the retail investor or the share performance in the secondary market subsequent to listing,thereby, killing the proverbial goose, that lays the golden egg.I think the IPO party is over!

Yes, the party is over.

Lets all forget IPOs, and buy them at a lower price than IPO; if really want to invest alien alien

6- Overpriced IPOs & The SEC - Empty Re: - Overpriced IPOs & The SEC - Mon Aug 08, 2011 12:40 pm

uditha9


Manager - Equity Analytics
Manager - Equity Analytics
@warren buff wrote:I think the greedy investment Banks/promoters are to be blamed ,they have no ethics,they try to extract(raise) the maximum possible value for the company,without giving due consideration for the retail investor or the share performance in the secondary market subsequent to listing,thereby, killing the proverbial goose, that lays the golden egg.I think the IPO party is over!

usually in foreign countries underwriting is compulsory.usually a bank will not underwrite unless it is value 4 money. i think we should also make underwriting compulsory.

7- Overpriced IPOs & The SEC - Empty Re: - Overpriced IPOs & The SEC - Mon Aug 08, 2011 12:57 pm

Investor99


Manager - Equity Analytics
Manager - Equity Analytics
The company directors can value its shares for PP or IPO at any fair price they think. We as educated investors should make a decision whether we should buy a share that is overpriced. Basically greed drives the investor to buy the share at any price in the intention of make a quick buck but when it back fires the blame game goes on. The company or SEC does not force the investor to the buy that share so why blame them.

If any investor makes a foolish decision to buy an overprice IPO shares it’s their own responsibility and they should blame themselves and not try to find scapegoats and blame the SEC or the company directors for their own foolish decisions.

8- Overpriced IPOs & The SEC - Empty Re: - Overpriced IPOs & The SEC - Mon Aug 08, 2011 2:03 pm

Ransiri Silva

Ransiri Silva
Equity Analytic
Equity Analytic
@Investor99 wrote:The company directors can value its shares for PP or IPO at any fair price they think. We as educated investors should make a decision whether we should buy a share that is overpriced. Basically greed drives the investor to buy the share at any price in the intention of make a quick buck but when it back fires the blame game goes on. The company or SEC does not force the investor to the buy that share so why blame them.

If any investor makes a foolish decision to buy an overprice IPO shares it’s their own responsibility and they should blame themselves and not try to find scapegoats and blame the SEC or the company directors for their own foolish decisions.

I partailly agree with you, It's the responsibility of investors to evaluate the IPO price using the available information before taking the investment decision. On the other hand the SEC is there to monitor the irregularities, manipulations companies do in the CSE.

9- Overpriced IPOs & The SEC - Empty Re: - Overpriced IPOs & The SEC - Mon Aug 08, 2011 4:29 pm

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics
Investor99 doesn't deserve a (-) for calling a spade a spade. Here's a (+) to offset that...

If a product is over-priced, you would not buy it, right..? Shares (IPOs or secondary market) are financial products; treat them the same way.

Yes, recent IPOs have been over-priced. But not so ridiculously over-priced that the SEC should intervene. They have bigger systemic problems to deal with at the moment.

10- Overpriced IPOs & The SEC - Empty Re: - Overpriced IPOs & The SEC - Mon Aug 08, 2011 4:54 pm

positive


Stock Analytic
Stock Analytic
All are blaming SEC and GVT about overpriced IPO.What about blaming ourself about buying overpriced shares?.It is our responsibility to analyse the actual price,how many shares offered?what was the privet placement price,net asset value of a share and so on.Some companies split shares before the IPO and sell it higher price than before split.Some companies mention EPS before split but they don't get that in next quarter report.
Real example is Softlogic holding IPO.I remember that privet placement price is 7 rupees and IPO price 29. Who are the fools bought it at that price as there are so many were willing to buy at any price higher than 14 rupees as they get 100% gain.So we better analyse by ourself or ask broker about those prices.

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