HVA shares brew the perfect start

tubal · 26 Re: HVA shares brew the perfect start Tue Feb 15, 2011 7:14 pm

tubal

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shan wrote:Watch HVA today Traded Shares 19,889,500 Issued QTY only 19,928,598 Some One Collected Big QTY i think it's possible to break 40.00 it's same like SFIN.

If it's like SFIN, the quarter profits will be wiped off when the IPO cost is included Very Happy

DRSANJAYANM · 27 hva price will touch 40 Tue Feb 15, 2011 7:35 pm

DRSANJAYANM

Stock Trader

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I think people who applied from bank guaranties selling there shares during first few days.Thats why most ipo prices came down during first week.laugh is the best example.

Gaja · 28 Re: HVA shares brew the perfect start Tue Feb 15, 2011 7:41 pm

Gaja

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any person well conversion with the valuation let me know the real value of this stock

Antonym · 29 HVA Foods Valuation Tue Feb 15, 2011 8:01 pm

Antonym

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@Gaja: Please use the 'Search' function to see previous posts about HVA Foods on this forum; I had shared the valuation by Lanka Securities.

Asha Phillip has given it a higher valuation.
http://www.ashaphillip.net/reports/HVA%20FOODS%20LIMITED%20IPO-%20REPORT.pdf

Gaja · 30 Re: HVA shares brew the perfect start Tue Feb 15, 2011 8:13 pm

Gaja

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thanks

shan · 31 HVA shares brew the perfect start Wed Feb 16, 2011 1:08 pm

shan

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* Rs. 16 IPO shares peak to Rs. 29 before settling a Rs. 26.30, up by Rs. 10.30 or 64% on debut
* 19.9 m shares or 30% stake equal to IPO offering changes hands via 10,000 trades

HVA Foods Ltd. brewed a perfect debut at the Colombo stock market yesterday with a hefty increase in value on top of brisk trading.

The company’s shares, which were offered at Rs. 16 in the IPO, began trading straight at Rs. 24 and then peaked to Rs. 29 before closing at Rs. 26.30, up by a massive Rs. 10.30 or 64.4%.

Around 19.9 million shares changed hands via 10,000 trades, generating a turnover of Rs. 517.2 million.
Incidentally, HVA offered 19.9 million shares or a 30% stake via the IPO. All subscribers to the IPO got a minimum of 200 shares only after the Rs. 319 million issue drew demand worth Rs. 7.4 billion.

Analysts said HVA performed best on debut and there was widespread demand from retailers as well as institutional investors.

“HVA left a refreshing taste in the market, which otherwise was chaotic as it corrected itself from the dizzy heights of Monday,” they added.

source - www.ft.lk