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Sri Lanka Equity Forum » Stock Market Talk » expolanka going public ?

expolanka going public ?

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1expolanka going public ? Empty expolanka going public ? on Fri Mar 04, 2011 9:32 pm

thambi

thambi
Manager - Equity Analytics
Manager - Equity Analytics
does anyone know when expolanka is going public ????

2expolanka going public ? Empty Re: expolanka going public ? on Fri Mar 04, 2011 9:45 pm

ndnk

ndnk
Manager - Equity Analytics
Manager - Equity Analytics
@thambi wrote:does anyone know when expolanka is going public ????

End of March, I think

3expolanka going public ? Empty Yes on Fri Mar 04, 2011 10:11 pm

own


Equity Analytic
Equity Analytic
U can Apply from 17th March onward. But If u late the train........... It will be a good investment. Don't miss it.

4expolanka going public ? Empty Re: expolanka going public ? on Fri Mar 04, 2011 10:15 pm

kiri

kiri
Manager - Equity Analytics
Manager - Equity Analytics
@own wrote:U can Apply from 17th March onward. But If u late the train........... It will be a good investment. Don't miss it.
expo lanka or Free lanka scratch scratch

5expolanka going public ? Empty Re: expolanka going public ? on Fri Mar 04, 2011 10:21 pm

achala75


Senior Equity Analytic
Senior Equity Analytic
I heard that WAPO is willig to by a big stake of Expolanka before going for a IPO. May be this news is not correct. Pl. check.

6expolanka going public ? Empty Re: expolanka going public ? on Fri Mar 04, 2011 10:45 pm

hotstock


Manager - Equity Analytics
Manager - Equity Analytics
@achala75 wrote:I heard that WAPO is willig to by a big stake of Expolanka before going for a IPO. May be this news is not correct. Pl. check.

Wapo already bought a chunk under private placement. I heard IPO price would be twice as the WAPO bought price..

7expolanka going public ? Empty Re: expolanka going public ? on Fri Mar 04, 2011 11:38 pm

achala75


Senior Equity Analytic
Senior Equity Analytic
You are correct hotstock, According to WAPO's letter to CSE dated 10.01.2011 they have made an assessment of the shere value of EXPO LANKA.That was Rs. 249,600,000/-

8expolanka going public ? Empty Re: expolanka going public ? on Sat Mar 05, 2011 7:52 am

million


Senior Equity Analytic
Senior Equity Analytic
i heard JKH has bought 5% of Expo shares in the Private placement but im not sure under which name/company.it was not announced was it??
.Im starting to get mote curious about expo lanka IPO.

9expolanka going public ? Empty Re: expolanka going public ? on Sat Mar 05, 2011 7:55 am

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
I think their prefer to go with the private placement, may come to IPO with a unit

10expolanka going public ? Empty Re: expolanka going public ? on Sat Mar 05, 2011 8:56 am

million


Senior Equity Analytic
Senior Equity Analytic
Gaja,

these big companies eying EXPOLANKA. Why ???????????

Is it a growth gem ??????

11expolanka going public ? Empty Re: expolanka going public ? on Sat Mar 05, 2011 9:15 am

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
Well i am not sure about there plans, but expo group is growing stage by stage in reasonable way, but being family company their funding might be limited, so they also might prefer the private funding than IPO's, so they have to approach reliable fund providers as well.

Because the fact is that anybody has fund is not enough to enter into a pvt company unless the existing shareholders give their approval, on that basis i think expo selected Carsons Group to bring the money in, but i don't know whether JKH also some holdings as well have to check.

I think when any private companies select the partners for fund, they might look for the Management of the fund provider, their business, non financial benefits the fund provider may bring to the business and many more

12expolanka going public ? Empty Re: expolanka going public ? on Sat Mar 05, 2011 9:27 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
As per the new rules of CSE, these private placements have to be locked till a year is passed for them to sell.. whatever the company arrives at such placement has to find a future value in the companies they invest in... its not more a quick buck..

Didnt go into looking to their financial staability yey but if WAPO or JKH is bidding on this, my view is that this IPO will have some long term value as well..

13expolanka going public ? Empty Re: expolanka going public ? on Sat Mar 05, 2011 9:39 am

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
I think JKH or WAPO will NOT enter into a company for short term benefits

14expolanka going public ? Empty Re: expolanka going public ? on Sat Mar 05, 2011 9:42 am

million


Senior Equity Analytic
Senior Equity Analytic
In selecting IPO's i feel when the issued share is quite large its more not worth to invest.

e.g. a company having a shares of 1 billion then the company has to earn 1 billion to increase there EPS by 1.

a billion is not so easy to double. Unlike where BFL earned 160 million and having an EPS of 10 since they have a only 16 million shares.

these are my thoughts, it may be totally wrong. Please help me understand more on that.

15expolanka going public ? Empty YES on Sat Mar 05, 2011 10:04 am

own


Equity Analytic
Equity Analytic
Sorry KIRI, u r correct. I was confused. There r so many up coming Lanka's in the Market now.

16expolanka going public ? Empty Expo lanka Holdings or part of it go For IPO on Sat Mar 05, 2011 10:25 am

milanka

milanka
Vice President - Equity Analytics
Vice President - Equity Analytics
It looks like only some units of the holding company would go for IPO.

Refer this news.

Rs 2 billion IPO
Mr. Yusoof noted that this was done in a bid to gear up for the Initial Public Offering (IPO), restructure the debt in the companies while revving up for immediate growth in the core business. “We are hoping to raise about Rs 2 billion through the IPO and the total sell down (with the recent private placement) will be 25% of the company,” he said.

He said all firms, except their corrugated business, aviation and garments will not come into the IPO. He said that Expolanka is gearing to expand the freight forwarding business. “We’ll be eyeing acquisitions in freight forwarding as well,” he said. He said the company will apply to the Securities and Exchange Commission for sanctions to go for an IPO within the first half of this year.

http://sundaytimes.lk/110220/BusinessTimes/bt28.html

http://forum.srilankaequity.com/u188

17expolanka going public ? Empty Re: expolanka going public ? on Mon Mar 07, 2011 5:06 pm

TelesHope

TelesHope
Senior Equity Analytic
Senior Equity Analytic
@Gaja wrote:I think JKH or WAPO will NOT enter into a company for short term benefits

One of the purpose of WAPO right issue is to subscribe Expo Lanka through private placement.

If Expo Lanka IPO is on the cards, people should consider subscribing Expo IPO than purchasing WAPO at exobient prices...Anyway, people will never learn in the CSE Sad Sad

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