Free Lanka to Trade on the 18th - The financial ratios

3mr

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Free Lanka is to start Trading on the 18th.

The following is the research report published by AsiaPhilip
http://www.ashaphillip.net/reports/FREE%20LANKA%20CAPITAL%20HOLDINGS%20FINALIZED.pdf

As per that for the Year 2011
NAV - 4.54
EPS - 0.38
P/E at IPO price = 5/0.38 = 13.15

The share is listed under diversified holdings which has a P/E of 34.79
So as per the Sector PER the expected price = 34.79*0.38 = 13.22 LKR
if you leave a discount of 40% from the sector P/E then the expected price is = 13.22*0.6 = 7.93

This is just my calculation. Please correct me if I am wrong. Can we expect the share price to go to around 10 LKR which is still result in a lesser PER than the sector PER.

Please share your views.
thanks
3mr

milanka

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Listed under Diversified Sector - on Diri savi board.
http://www.cse.lk/cmt/upload_cse_announcements/4121302499851_.pdf

mark

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many people got the whole shares which applied..................

Very Happy

3mr

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mark wrote:many people got the whole shares which applied..................

So do you think there would be some selling pressure on the opening day ?

mark

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3mr wrote:

mark wrote:many people got the whole shares which applied..................

So do you think there would be some selling pressure on the opening day ?

may be,also quantity is high....... like which happened to PAP,.........but this is a good share to me.......
i may hold this for a while...........let's see..... Sad

CSE Today

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3mr wrote:

mark wrote:many people got the whole shares which applied..................

So do you think there would be some selling pressure on the opening day ?

For sure there will be a heavy selling pressure if it start trading at Rs.7~ 7.50 levels coz its a 50% gain...& as mark said many retailers got the full quota...[ I got 10,000 shares each in multiple applications & for sure I will dump the whole lot if the prices to clinch 7.50]

ne2011

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A little off on the topic stream, but on the same topic; are any of you who are trading online have your portfolios updated with Free lanka shares yet? I dont see mine yet pls let me know when yours is updated? It's only today and tomorrow and the next trading day is 18th monday which is the first day of trading..
I got my full application amount too. Thinking of maintaining a part for long term and trading the rest..

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ne2011 wrote:A little off on the topic stream, but on the same topic; are any of you who are trading online have your portfolios updated with Free lanka shares yet? I dont see mine yet pls let me know when yours is updated?.

Most probably it will be updated tomorrow evening...!

$$$

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I think it will be an interesting opening Day there might be selling pressure but if it appreciates rapidly people might hold to sell at higher prices key is to exit at the right time Smile

....but with the quantities high it might not shoot up as anticipated lets see .

cse.alpha

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FLCH : Free Lanka had a pre-IPO placement of shares of around Rs1.1 bn - at Rs 4-70 per share it seems.

The SEC rule on one year lock-ins re: private placements, does not appear to apply for private sales of existing shares, being only applicable for private placements which involve new share issues and the creation of new shares.

read more at:

http://print.dailymirror.lk/business/127-local/38601.html

http://www.lbr.lk/fullstory.php?nid=201102251918584343

milanka · 11 Our previous discussion on lock in rule here. Mon Apr 11, 2011 6:05 pm

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Our previous discussion on lock in rule here.
http://forum.srilankaequity.com/t477-lock-in-rule-for-private-equity-by-sec

ne2011

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Hey, Whoever has applied for the Free IPO, and have an online portfolios, do please let me know when the shares allotted are updated to your profile??
I thought it may be updated by today evening, no such luck.. and it's only working tomorrow and then the holls till monday opening..!!
Thanks..

Gaja

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i think it will get update tomorrow

cse.mkt

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It has updated.......

swan03

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cse.mkt wrote:It has updated.......

Mine.. Not yet.

ne2011

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Still not updated..!! With SC Securities..
Does the broker have a part to play or is it done by CSE?

rocksan

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Will it be 7 - 7.50?

CSE Today wrote:

3mr wrote:

mark wrote:many people got the whole shares which applied..................

So do you think there would be some selling pressure on the opening day ?

For sure there will be a heavy selling pressure if it start trading at Rs.7~ 7.50 levels coz its a 50% gain...& as mark said many retailers got the full quota...[ I got 10,000 shares each in multiple applications & for sure I will dump the whole lot if the prices to clinch 7.50]

npc86

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It has updated to the CDS A/C today..!

http://forum.srilankaequity.com/t2688-free-lanka-starting-price#17852

ne2011

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Cant believe mine isnt still updated.. With SC Securities. Any one with SC Securities whose FLCH shares are updated today??

swan03

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[quote="ne2011"]Cant believe mine isnt still updated.. With SC Securities. Any one with SC Securities whose FLCH shares are updated today??
[/quote

It hasnt updated yet. Guess they are celebrating Awurudu Smile

Dinesh · 21 CONTACT WITH YOUR BROKERS AS SOON AS POSSIBLE Wed Apr 13, 2011 11:41 am

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[quote="swan03"]

ne2011 wrote:Cant believe mine isnt still updated.. With SC Securities. Any one with SC Securities whose FLCH shares are updated today??
[/quote

It hasnt updated yet. Guess they are celebrating Awurudu

"DIRECT DEPOSIT OF SECURITIES TO 'LOCKED' BALANCE (IF APPLICABLE) - Instrucons {Please ck (√) as appropriate}
Directly deposit the shares to my “locked balance” of the CDS account menoned above (Please note that the shares in the “locked” balance would not be available for trading purposes
and would not be visible to the respecve CDS parcipants. Do not ck (√) unless you require to “lock” the securies balance from trading.) ( )"

if you were not tick this option when you were submitted to your IPO application form,It will never updated it to your PORTFOLIO until you ask them to updated it your portfolio, so contact with your brokers and ask them to update it to your portfolio.Then they will send a request letter to the CSE to update it to your portfolio, after that only it will visible on your porfolio.

CONTACT WITH YOUR BROKERS AS SOON AS POSSIBLE.Good luck.

ne2011

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The funny thing is that I didnt tick it, and the issuers confirmed that i had my shares allocated, and they are UNlocked. The broker too yesterday confirmed that "they are there for trading no issues you should see it on your portfolio soon".. Problem is that i still dont, so being hols from today till Friday and then closed for the weekend, and opening only on Monday which is trading 1st day for FLCH.. I dont get to the brokers before that.. Unless they are working on Friday (Which is unlikely if CSE is not working on the 15th). Do you think brokers will work on the 15th??
In any case, if it's showing on the system when the broker checks, what is missing for me to see it on my portfolio??
Also I've been wanting to ask, what exactly is the broker's part in a new listing? I've assumed that the issuers forwards all our details with the allocation to the CSE and then they would update the accounts accordingly. And then we would be able to see it on our portfolio's automatically. Does it depend from broker to broker where they have a part to authorise or check, for it to finally be updated? Any insight from anyone working in a brokering firm would be much appreciated..

econ

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good share to hold very long term.

mark

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econ wrote:good share to hold very long term.

agree with you econ............. Sad

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Free Lanka to Trade on the 18th - The financial ratios

1 Free Lanka to Trade on the 18th - The financial ratios Mon Apr 11, 2011 11:37 am

3mr

2 Re: Free Lanka to Trade on the 18th - The financial ratios Mon Apr 11, 2011 11:46 am

milanka

3 Re: Free Lanka to Trade on the 18th - The financial ratios Mon Apr 11, 2011 11:53 am

mark

4 Re: Free Lanka to Trade on the 18th - The financial ratios Mon Apr 11, 2011 11:56 am

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5 Re: Free Lanka to Trade on the 18th - The financial ratios Mon Apr 11, 2011 12:00 pm

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6 Re: Free Lanka to Trade on the 18th - The financial ratios Mon Apr 11, 2011 12:05 pm

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7 Re: Free Lanka to Trade on the 18th - The financial ratios Mon Apr 11, 2011 12:34 pm

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8 Re: Free Lanka to Trade on the 18th - The financial ratios Mon Apr 11, 2011 12:47 pm

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9 Re: Free Lanka to Trade on the 18th - The financial ratios Mon Apr 11, 2011 1:08 pm

$$$

10 Re: Free Lanka to Trade on the 18th - The financial ratios Mon Apr 11, 2011 2:41 pm

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11 Our previous discussion on lock in rule here. Mon Apr 11, 2011 6:05 pm

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12 Re: Free Lanka to Trade on the 18th - The financial ratios Mon Apr 11, 2011 10:06 pm

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17 Re: Free Lanka to Trade on the 18th - The financial ratios Tue Apr 12, 2011 3:26 pm

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18 Re: Free Lanka to Trade on the 18th - The financial ratios Tue Apr 12, 2011 11:17 pm

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19 Re: Free Lanka to Trade on the 18th - The financial ratios Tue Apr 12, 2011 11:53 pm

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20 Re: Free Lanka to Trade on the 18th - The financial ratios Wed Apr 13, 2011 9:09 am

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21 CONTACT WITH YOUR BROKERS AS SOON AS POSSIBLE Wed Apr 13, 2011 11:41 am

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