Free Lanka Starting Price?

rocksan · 1 Free Lanka Starting Price? Tue Apr 12, 2011 2:18 pm

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What will be the starting price of Free Lanka which is to trade on 18th April. My broker said it will be about Rs7.00 is this a good price for it?

wiser · 2 Re: Free Lanka Starting Price? Tue Apr 12, 2011 3:58 pm

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7/- will be a reasoanble return.

rocksan · 3 Re: Free Lanka Starting Price? Tue Apr 12, 2011 4:30 pm

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wiser wrote:7/- will be a reasoanble return.

Thank you for the reply will start with 7 and see how it rallies up Laughing

RockStock · 4 Re: Free Lanka Starting Price? Tue Apr 12, 2011 10:47 pm

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Yes 7.00/= would be reasonable, but if the first trading period will be a really bullish time, (about week after new year) and because of the momentum it may pass even 8/=

kaz4max · 5 Re: Free Lanka Starting Price? Tue Apr 12, 2011 10:53 pm

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it'l sustain around 8 guys, good price to sell. Unlikly a share would appriciate over 80%-100% on the first day!

npc86 · 6 Re: Free Lanka Starting Price? Tue Apr 12, 2011 11:10 pm

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Many of retailers got almost full allotment for FLCH. It may make some selling at the starting day... but don't forget now lot of retailers experienced well on IPOs so just wait for the correct time.
Lot of investors will be entering back to the market after long holiday..It may exceed even 8/= just like PAP percentage..

So we'l see ne... Smile

cse.mkt · 7 Re: Free Lanka Starting Price? Wed Apr 13, 2011 6:35 am

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It may start @ around 7.00 - 7.50 may go up to 8.00 may come down to 6.50.......

pushpakumara · 8 FREE LANKA IPO Thu Apr 14, 2011 8:49 pm

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What would be the ideal bid price for the above on Monday morning? Can any one guess?

banarahu · 9 Re: Free Lanka Starting Price? Fri Apr 15, 2011 8:31 am

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

pushpakumara · 10 free lanka ipo Fri Apr 15, 2011 10:57 am

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banarahu wrote:http://forum.srilankaequity.com/t2688-free-lanka-starting-price

Good one. Is it advisable to buy at the prices quoted to make a quick buck..??

uditha9 · 11 Re: Free Lanka Starting Price? Fri Apr 15, 2011 12:27 pm

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i will sell at 6.90

Antonym · 12 Re: Free Lanka Starting Price? Fri Apr 15, 2011 12:30 pm

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I will buy at Rs 5.90.

newbie · 13 Re: Free Lanka Starting Price? Fri Apr 15, 2011 1:34 pm

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i suggest to hold on to it for a couple of months guys.... why hurry!!!! The gain you make would be massive then.... planning to hold onto mine for a while.... it's already on the mat, price can't fall further.... so NO RISK.... nothing to lose, but only to GAIN.... just my opinion Very Happy

tkc · 14 Re: Free Lanka Starting Price? Fri Apr 15, 2011 3:09 pm

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newbie wrote:i suggest to hold on to it for a couple of months guys.... why hurry!!!! The gain you make would be massive then.... planning to hold onto mine for a while.... it's already on the mat, price can't fall further.... so NO RISK.... nothing to lose, but only to GAIN.... just my opinion

Totally agreed!!

smallville · 15 Re: Free Lanka Starting Price? Fri Apr 15, 2011 3:32 pm

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Antonym wrote:I will buy at Rs 5.90.

Ur in my view it seems.. Looking at the company FLCH is a diversified holding, they are into Plantations, leisure & property development sectors, Hydropower, Green Tea Manufacturing, etc..

97% to the total group revenue as at end of 31st December 2010 was from Tea & Rubber contributing from Pussellawa & Mathurata plantations. So their main arm is TEA+RUBBER..

Further more they've ventured into mini hydro power sector through CSE listed Hydro Power Free Lanka PLC (HPFL) which is only a 2% contribution to the group revenue but they currently in the process of adding four more mini hydro power plants with an aggregate of 5.37 MW of power to the national grid by April 2012.

Also a PP has been announced for 4.70 on pre IPO era, but I think the investors will have to keep the shares locked in for a year before selling in due to new SEC rules..

So I'd say this is fairly a good company to hold on to on mid to long-term basis and a price range of 8-10 could be in cards if you dont sell immediately..

I'd even buy back below 6 and avg for a good return..

tkc · 16 Re: Free Lanka Starting Price? Fri Apr 15, 2011 7:29 pm

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@smallville totally agreed !! i m also trying to keep this for mid to long term....

banarahu · 17 Re: Free Lanka Starting Price? Fri Apr 15, 2011 7:47 pm

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We predicted Hydro power Free Lanka at Rs. 15 and it came as it is…

LGL will come at Rs. 40 and Rs, 25 prices but its came around 26 and 17 and passed the predicted price after two months...

PAP, IPO price was Rs.3, but first day it sold around 3.70 and past Rs.5 after few days…

Unexpectedly Singer finance came at Rs.45, Three times of the IPO share prize…

And Union Bank, we thought it starts at 60, but came at 45 and suddenly went down around 35 because more percentage of shares came out of the IPO quantity…

Senkadagala Finance came without IPO and is still worthless…

By these facts all the time we added a new experience unexpectedly… Most experiences can’t correct by lessons learned because all had something new and unique…

All the predictions are given in some reasons. So now we have an idea about the price. In my case it’s better to keep in touch in the morning 9.30 -10... Wait and watch how market is going. Then enter at the best price…

This is my experience and please verify if anything wrong given in the above… Smile

Thnx…

yoyo · 18 Re: Free Lanka Starting Price? Mon Apr 18, 2011 9:56 am

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Everybody expected a starting price around 7 - 7.5 in the morning...Why is it going down ?
Is 5.70 a good price to enter ?

SL.Market · 19 Re: Free Lanka Starting Price? Mon Apr 18, 2011 10:03 am

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yoyo wrote:Everybody expected a starting price around 7 - 7.5 in the morning...Why is it going down ?
Is 5.70 a good price to enter ?

dont warry and wait this will hit 6.50 soon...........

banarahu · 20 Re: Free Lanka Starting Price? Mon Apr 18, 2011 12:59 pm

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another new experience... as usual... clown

Vinu · 21 Re: Free Lanka Starting Price? Mon Apr 18, 2011 1:43 pm

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already entered at 5.90 pale

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Free Lanka Starting Price?

1 Free Lanka Starting Price? Tue Apr 12, 2011 2:18 pm

rocksan

2 Re: Free Lanka Starting Price? Tue Apr 12, 2011 3:58 pm

wiser

3 Re: Free Lanka Starting Price? Tue Apr 12, 2011 4:30 pm

rocksan

4 Re: Free Lanka Starting Price? Tue Apr 12, 2011 10:47 pm

RockStock

5 Re: Free Lanka Starting Price? Tue Apr 12, 2011 10:53 pm

kaz4max

6 Re: Free Lanka Starting Price? Tue Apr 12, 2011 11:10 pm

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7 Re: Free Lanka Starting Price? Wed Apr 13, 2011 6:35 am

cse.mkt

8 FREE LANKA IPO Thu Apr 14, 2011 8:49 pm

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9 Re: Free Lanka Starting Price? Fri Apr 15, 2011 8:31 am

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10 free lanka ipo Fri Apr 15, 2011 10:57 am

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11 Re: Free Lanka Starting Price? Fri Apr 15, 2011 12:27 pm

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12 Re: Free Lanka Starting Price? Fri Apr 15, 2011 12:30 pm

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13 Re: Free Lanka Starting Price? Fri Apr 15, 2011 1:34 pm

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14 Re: Free Lanka Starting Price? Fri Apr 15, 2011 3:09 pm

tkc

15 Re: Free Lanka Starting Price? Fri Apr 15, 2011 3:32 pm

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16 Re: Free Lanka Starting Price? Fri Apr 15, 2011 7:29 pm

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17 Re: Free Lanka Starting Price? Fri Apr 15, 2011 7:47 pm

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18 Re: Free Lanka Starting Price? Mon Apr 18, 2011 9:56 am

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19 Re: Free Lanka Starting Price? Mon Apr 18, 2011 10:03 am

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20 Re: Free Lanka Starting Price? Mon Apr 18, 2011 12:59 pm

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