People's Leasing company IPO.........

Leon · 1 People's Leasing company IPO......... Wed Sep 28, 2011 9:27 pm

Leon

Assistant Vice President - Equity Analytics

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Dear Investors..

When is it supposed to come out??? I have high hopes as it would be a good chance to make a buck or two....your views please....
Thanks..............

WildBear · 2 Re: People's Leasing company IPO......... Wed Sep 28, 2011 10:08 pm

WildBear

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Huge IPO of 7 billion. Not sure short term gains, but if they utilize this huge amount of money, In long run this share will be an exceptional investment despite whatever their current performance. I think with this huge pile of cash, they can become the No.1 Finance company in Sri Lanka

How ever we have to wait till their prospectus released. Sure it's going to be a another overvalued IPO.

dineshfernando · 3 IPOs not good at present Wed Sep 28, 2011 10:36 pm

dineshfernando

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OMG, another IPO in this dull and dying market. There are no fresh funds coming in and how 7BN going to be financed.
If you wait, you can buy much cheaper in the open market. Eg: BIL, FLCH, SHL and many other.

Our market is heading towards hell and another money sucker is entering to kill our poor investors. Investors please be aware of overvalued IPOs. We have had enough of it and don't give them a chance. There are no new funds coming in and foreigners are pulling out. I think this is a very bad time for IPOs.

I will buy at a very discounted price after Peoples leasing come to the market. I will wait for the best bargain.

This is my personal opinion and not a recommendation.