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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » PIRAMAL GLASS CEYLON PLC (GLAS.N0000)

PIRAMAL GLASS CEYLON PLC (GLAS.N0000)

+152
SHL
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156 posters

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951PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Wed Dec 16, 2020 12:47 pm

Bakkabwoi


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

geesura wrote:
Sanju121 wrote:Share is worth 2.9
either way its expensive than your brain😂🔫

brutal! affraid affraid affraid affraid

952PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Wed Dec 16, 2020 12:56 pm

glad


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Bakkabwoi wrote:
geesura wrote:
Sanju121 wrote:Share is worth 2.9
either way its expensive than your brain😂🔫

brutal! affraid affraid affraid affraid
Very naughty

953PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Wed Dec 16, 2020 1:44 pm

Mr. X


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

GLAS going at cheap... Collect and wait till end of Jan.

Accountant likes this post

954PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Wed Dec 16, 2020 1:53 pm

DamithAsian


Manager - Equity Analytics
Manager - Equity Analytics

After this acquisition confusions fade away there will be good time again. No worries Very Happy

Karthick likes this post

955PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Wed Dec 16, 2020 2:48 pm

jaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

It will run when the BIL end his journey.

geesura likes this post

956PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Wed Dec 16, 2020 2:54 pm

Accountant

Accountant
Equity Analytic
Equity Analytic

For those who don't own GLAS, This is a solid entry point..... Don't miss it guys. Christmas is coming🎅

Thushara Ayya, Eranga87 and Trollhunter like this post

957PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Wed Dec 16, 2020 3:10 pm

Thushara Ayya

Thushara Ayya
Moderator
Moderator

I collected more @ 9.10 today...

dakzsl, Eranga87, RJ1010, Karthick, Accountant and Sachira90 like this post

958PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Wed Dec 16, 2020 5:28 pm

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Hope it comes down further, to collect more

geesura likes this post

959PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Wed Dec 16, 2020 5:54 pm

jason12


Senior Equity Analytic
Senior Equity Analytic

Accountant wrote:For those who don't own GLAS, This is a solid entry point..... Don't miss it guys. Christmas is coming🎅

Accountant,

Isn't it too early to publish Q3 results  Very Happy

VS likes this post

960PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Thu Dec 17, 2020 10:58 am

MR.T5n


Equity Analytic
Equity Analytic

More collections took placed above Rs:9. So less possibility to come below 9.

Eranga87, C.THARANGA and Sachira90 like this post

VS dislikes this post

961PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Thu Dec 17, 2020 11:31 am

Eranga87


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

GLAS rebound soon.. Very Happy

C.THARANGA, Kanishka_2020 and Sachira90 like this post

962PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Thu Dec 17, 2020 11:43 am

Kanishka_2020


Manager - Equity Analytics
Manager - Equity Analytics

Eranga87 wrote:GLAS rebound soon.. Very Happy

Yep Yep  alien alien

963PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Thu Dec 17, 2020 11:44 am

MR.T5n


Equity Analytic
Equity Analytic

9 is very strong support..  elephant elephant elephant

VS likes this post

964PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Thu Dec 17, 2020 12:21 pm

Winner123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Why do people sell this when the deal is already announced. Moving to bil?

VS and Bakkabwoi like this post

965PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Thu Dec 17, 2020 12:50 pm

lal62

lal62
Senior Equity Analytic
Senior Equity Analytic

yes moving to bill and tkyo perhaps. good opportunity for us to buy ,most will regret  selling  decision soon Very Happy Very Happy Very Happy Very Happy

C.THARANGA likes this post

966PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Fri Dec 18, 2020 8:29 am

Chithi


Manager - Equity Analytics
Manager - Equity Analytics

http://www.dailymirror.lk/business-news/Piramal-Glass-enters-deal-to-sell-Lankan-operations-for-Rs-13bn/273-201779

967PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Fri Dec 18, 2020 8:30 am

Chithi


Manager - Equity Analytics
Manager - Equity Analytics

PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Img-2010

Eranga87 likes this post

968PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Fri Dec 18, 2020 8:34 am

MR.T5n


Equity Analytic
Equity Analytic

Shocked Shocked Shocked Shocked, Ohhh. This might be the reason for BUYers accumulation At the end of the Day..
bounce bounce bounce bounce bounce

969PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Fri Dec 18, 2020 11:18 am

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

People who bought when it dipped to 9 yesterday are winners. I missed it placing the order at 8.90. Now I have to buy at 9.30 levels 😞

lal62 likes this post

970PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Fri Dec 18, 2020 11:56 am

Hairoos


Senior Equity Analytic
Senior Equity Analytic

what will happen? They will buy back the Glass SHares or what?

971PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Fri Dec 18, 2020 12:12 pm

Sachira90


Equity Analytic
Equity Analytic

After the news Today I sold my BIL and collected GLAS with huge discount ! I love you I love you

geesura, SL-INVESTOR and Bakkabwoi like this post

972PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Fri Dec 18, 2020 1:14 pm

Vishwanarth


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

By now GLASS buy volume is around 295000 nos. But sales is high. May be due to blurred less transparency

973PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Fri Dec 18, 2020 1:20 pm

vijay singh


Manager - Equity Analytics
Manager - Equity Analytics

today, collection going on 9.30 level. keep in your eyes.. yesterday, collected from 9.00 and today 9.30. asap.. it will ready for next journey, after absorbing panic selling pressure. today, I also entered, with my brocker amazing prediction. he said, this's last time for collection,  players those days collecting. unfortunately, no one see. actually, GLAS so taste. I hope , soon as few of announcements on the way.

svkiruba8@gmail.com, Chithi, Eranga87, geesura, SL-INVESTOR, Kanishka_2020, Sachira90 and CSEdeSILVA like this post

974PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Fri Dec 18, 2020 1:28 pm

vijay singh


Manager - Equity Analytics
Manager - Equity Analytics

PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty @Vishwanarth,
 
ha.. ha.. Very Happy Razz try understand what happened in next. almost time, GLAS put big step, nature also same. wait bro.. you understand everything.. sorry , you didn't understand.. because you are pessimistic since GLAS TRADE in Rs.6.00. your brain are controlled by invisible hand. that's thing, you don't know reality. lol! lol!

Eranga87, SL-INVESTOR, Sachira90, CSEdeSILVA and VS like this post

975PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Fri Dec 18, 2020 2:35 pm

invest thinker

invest thinker
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

vijay singh,


 


you absolutely correct. as soon, GLAS will fly.. collectors are winners..  something big thing going on. can you explain it?

976PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Fri Dec 18, 2020 3:21 pm

Vishwanarth


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

invest thinker wrote:

vijay singh,


 


you absolutely correct. as soon, GLAS will fly.. collectors are winners..  something big thing going on. can you explain it?

Critics may be supportive or against due to deal behaviour.Shareholders want to know what, how, when, why about the company. But can't praise always. Shares are not to Love or hate but to grab the potential.
If GLASS will be flying I also get benefited.😅😅😅 Under new management new price scheme will be created. It will be double digit then.

lal62 likes this post

977PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Fri Dec 18, 2020 8:41 pm

Chithi


Manager - Equity Analytics
Manager - Equity Analytics

Seems big announcement is on the way.

Thushara Ayya likes this post

978PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Fri Dec 18, 2020 9:41 pm

Thushara Ayya

Thushara Ayya
Moderator
Moderator

Chithi wrote:Seems big announcement is on the way.

Yes Chithi,

Last 6 days bottom is 9/=. Then 9.00, 9.10,9.20,9.30,9.40 clears Now 9.50.....Up trend is going on....

lal62 and Bakkabwoi like this post

979PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sat Dec 19, 2020 9:41 am

samaritan


Moderator
Moderator

Thushara Ayya wrote:
Chithi wrote:Seems big announcement is on the way.

Yes Chithi,

Last 6 days bottom is 9/=. Then 9.00, 9.10,9.20,9.30,9.40 clears Now 9.50.....Up trend is going on....
Investors are in for a windfall unexpectedly.

geesura likes this post

980PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 39 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) Sat Dec 19, 2020 11:16 am

Master D


Manager - Equity Analytics
Manager - Equity Analytics

I have given  a 15 +  valuation in my previous analysis sometime back. Here is my update after the announcement.

Announcement clearly indicates the the seller is Piramal Glass pvt ( referred as  "seller" in the announcement)  limited who owns 56'% Piramal Glass Ceylon plc ( refers as the "company" in the announcement).


It clearly says the deal is made for the enterprise value of the "Company" aka Piramal Glass Ceylon PLC. Thus value of PLC = 5166000000 INR

Value of PLC =  5,166,000,000*2.5 = 12,915,000,000 LKR (  12 billion +)

No of shares total in PLC= 950086080


Considered value of GLASS a share =  12,915,000,000 /950,086,080  =  14/- LKR

Thus valuation of GLASS comes to 14/-  a share before the final adjustment as per the debt component changes of the company from the valuation date till transaction date.  ( to be announced) 

Companies will not take large debt when there is a deal on the cards but small working capital requirements will be there which the price above to be adjusted (  +/- 5% as per my estimate)

and also, since given the nature of the transaction i expect a mandatory offer at the same price.

If you buy today 40%-50% gain within few days !

abey, engineer, Chithi, RJ1010, Accountant and Bakkabwoi like this post

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