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Sri Lanka Equity Forum » Stock Market Talk » Browns Investment 1st day price

Browns Investment 1st day price

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1Browns Investment 1st day price Empty Browns Investment 1st day price on Sat Jul 02, 2011 6:17 pm

rizjiji


Senior Equity Analytic
Senior Equity Analytic
Since VOL IPO is happening almost simultaneously Brwns Inv. IPO's getting less attention. But this too is a very good share & has a lot of potential. It should trade between 6-7.50 on the first day. What are your views?

2Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Sat Jul 02, 2011 8:49 pm

kkahapola


Equity Analytic
Equity Analytic
@rizjiji wrote:Since VOL IPO is happening almost simultaneously Brwns Inv. IPO's getting less attention. But this too is a very good share & has a lot of potential. It should trade between 6-7.50 on the first day. What are your views?
No i dont think so max will be around 5.20 to 5.50

3Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Sat Jul 02, 2011 9:10 pm

player

player
Moderator
Moderator
@kkahapola wrote:
@rizjiji wrote:Since VOL IPO is happening almost simultaneously Brwns Inv. IPO's getting less attention. But this too is a very good share & has a lot of potential. It should trade between 6-7.50 on the first day. What are your views?
No i dont think so max will be around 5.20 to 5.50

wow,great,please sell me 1Mn at 6Rs......I ready to buy.
did you read the prospectus carefully?if so you dont sell at that price Laughing
will see mate,love to buy from such retailers who dont even go through the prospectus.

4Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Sat Jul 02, 2011 9:44 pm

Rajitha

Rajitha
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
will enter the market 7 or 7+!!

5Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Sat Jul 02, 2011 10:34 pm

rizjiji


Senior Equity Analytic
Senior Equity Analytic
player... i said that it'll trade between 6-7.50, it doesn't mean that i'll sell it @ 6. So my advice to u is to keep reading more prospectuses & someday you'll improve... All the best buddy Wink

6Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Sun Jul 03, 2011 12:23 am

player

player
Moderator
Moderator
@rizjiji wrote:player... i said that it'll trade between 6-7.50, it doesn't mean that i'll sell it @ 6. So my advice to u is to keep reading more prospectuses & someday you'll improve... All the best buddy Wink

"keep reading more prospectuses" Question Question ...... Razz Razz

hay buddy you are wearing someones hat. Razz i was referring to "KKAHAPOLA"....see his comment clearly. tongue

hehe,btw we all messing up ne,good luck for BINV,be wise when you dumping Very Happy

7Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Sun Jul 03, 2011 6:41 am

sanjeewa88

sanjeewa88
Manager - Equity Analytics
Manager - Equity Analytics
@player wrote:
@kkahapola wrote:
@rizjiji wrote:Since VOL IPO is happening almost simultaneously Brwns Inv. IPO's getting less attention. But this too is a very good share & has a lot of potential. It should trade between 6-7.50 on the first day. What are your views?
No i dont think so max will be around 5.20 to 5.50

wow,great,please sell me 1Mn at 6Rs......I ready to buy.
did you read the prospectus carefully?if so you dont sell at that price Laughing
will see mate,love to buy from such retailers who dont even go through the prospectus.

Uploaded prospectus to cse.lk is little bit difficult to read. Can you say me another source to get a soft copy?

8Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Sun Jul 03, 2011 6:50 am

tkc

tkc
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Rajitha wrote:will enter the market 7 or 7+!!
Agreed wit Rajitha! I think it will start @ 7 and go up to 8 and settle @ 6.5.

9Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Sun Jul 03, 2011 8:46 am

rizjiji


Senior Equity Analytic
Senior Equity Analytic
@player wrote:
@rizjiji wrote:player... i said that it'll trade between 6-7.50, it doesn't mean that i'll sell it @ 6. So my advice to u is to keep reading more prospectuses & someday you'll improve... All the best buddy Wink

"keep reading more prospectuses" Question Question ...... Razz Razz

hay buddy you are wearing someones hat. Razz i was referring to "KKAHAPOLA"....see his comment clearly. tongue

hehe,btw we all messing up ne,good luck for BINV,be wise when you dumping Very Happy

He must have had some bad experiences with EXPO or FLCH. But he'll realize that this is different. Hopefully VOL & BINV would restore the faith we used to have in IPO's.

10Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Sun Jul 03, 2011 8:27 pm

investor1984

investor1984
Manager - Equity Analytics
Manager - Equity Analytics
@rizjiji wrote:
@player wrote:
@rizjiji wrote:player... i said that it'll trade between 6-7.50, it doesn't mean that i'll sell it @ 6. So my advice to u is to keep reading more prospectuses & someday you'll improve... All the best buddy Wink

"keep reading more prospectuses" Question Question ...... Razz Razz

hay buddy you are wearing someones hat. Razz i was referring to "KKAHAPOLA"....see his comment clearly. tongue

hehe,btw we all messing up ne,good luck for BINV,be wise when you dumping Very Happy

He must have had some bad experiences with EXPO or FLCH. But he'll realize that this is different. Hopefully VOL & BINV would restore the faith we used to have in IPO's.


Most recent IPO's had a issue of private placement which was placed at discount than the price offered to the public, so all feared that privately bought people might dump their stake on first day, but with V1 , browns investment & TJ there is no such a issue. both the IPO & PP prices are same, so we can expect the same run we witnessed in previous ipo's ( exclude FLCH ), and hopefully when V1 , Browns hit the market, the overall market sentiment can be good too, so it will also affect positively to the first day price

11Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Sun Jul 03, 2011 8:54 pm

mark

mark
Expert
Expert
i was unable to apply for BINV bcoz of our "suhada hadak athi deshiya bank"

see this.......

*Based on the annualized net profit of Rs. 1,927.4 Mn, diluted EPS stands at
LKR 1.06/-
with total number of shares of 1,810 Mn including the privately
placed shares. Therefore the IPO price of Rs. 5/- is fixed at a trailing PER of 4.7x which is heavily discounted to the Diversified sector PER of 35x and
Investment Trust sector PER of 26x.
(Browns Investment Limited is likely to be listed under ‘Diversified Sector’ (DIV) or the ‘Investment Trust’ (INT)).Further, the price is set at a discount.

btw if you go through the prospectus,you can easily point out some strong factors of it...

now tell me a fair price for this share Question Question

good luck,be wise Very Happy


12Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Sun Jul 03, 2011 9:12 pm

Marketinvest

Marketinvest
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
6

13Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Mon Jul 04, 2011 7:33 am

tkc

tkc
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
This is a good share to buy from even secondary market.I dont have enough BINVs from the IPO.So I am looking to buy more.But we should be careful to decide the price which we should enter.Because even though this is a very good share , the market seems still little bearish for me.good luck!

14Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Mon Jul 04, 2011 10:11 am

Chabbi

Chabbi
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@tkc wrote:This is a good share to buy from even secondary market.I dont have enough BINVs from the IPO.So I am looking to buy more.But we should be careful to decide the price which we should enter.Because even though this is a very good share , the market seems still little bearish for me.good luck!

agree with tkc Smile

i hv small doubt weather Pvt plcmnt share's cn dump on 1st day ??

as i knw it cn be done Smile

Bcz pvt plcmnt rule wont effect this Sad further we hv allocated small portion & Big fishes hv allocated full portion Smile [thy also got @ 5 even-though if thy start to dump ... thn Sad ]

15Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Mon Jul 04, 2011 1:26 pm

econ

econ
Global Moderator
I hope to buy more BINV share secondary market. but not on first day for sure.
Most pp guys may dump thier shares first day. so selling pressure will be there.

16Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Mon Jul 04, 2011 7:13 pm

rizjiji


Senior Equity Analytic
Senior Equity Analytic
@econ wrote:I hope to buy more BINV share secondary market. but not on first day for sure.
Most pp guys may dump thier shares first day. so selling pressure will be there.

At what price would you consider buying more BINV shares...

17Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Mon Jul 04, 2011 7:38 pm

econ

econ
Global Moderator
below 6 would be ideal but below 7 is not bad. considering PER for IPO price is just 4.7

18Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Fri Jul 08, 2011 10:26 pm

dewminigamlath


Manager - Equity Analytics
Manager - Equity Analytics
Remember LOFC...?
They listed 2,800,000,000 shares @ Rs.5 and on first day, it reached as high as Rs.22.
Now BINV is listing 1,860,000,000 shares @ Rs.5.
Of course, the previous one was an introduction whereas the latter is an IPO.
But still, can't someone think of more than Rs.6-7 on first day...?

19Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Fri Jul 08, 2011 10:57 pm

rizjiji


Senior Equity Analytic
Senior Equity Analytic
@dewminigamlath wrote:Remember LOFC...?
They listed 2,800,000,000 shares @ Rs.5 and on first day, it reached as high as Rs.22.
Now BINV is listing 1,860,000,000 shares @ Rs.5.
Of course, the previous one was an introduction whereas the latter is an IPO.
But still, can't someone think of more than Rs.6-7 on first day...?

They are two different companies & most importantly LOFC is now trading at 10 & its still overvalued.... So speculating more than a realistic value is misleading. It's such practices that has resulted in some investors suffering heavy losses.

20Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Sat Jul 09, 2011 5:19 am

lbnnirmal

lbnnirmal
Manager - Equity Analytics
Manager - Equity Analytics
As we sow yesterday VONE also doesn't perform as much we expect so I don't think that Brwns will perform as bull run. As I think most probably it may stay around 6

21Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Sat Jul 23, 2011 6:15 pm

wgsaman

wgsaman
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@lbnnirmal wrote:As we sow yesterday VONE also doesn't perform as much we expect so I don't think that Brwns will perform as bull run. As I think most probably it may stay around 6
i agree bro

22Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Sat Jul 23, 2011 8:16 pm

anuradhakandy


Equity Analytic
Equity Analytic
i feel like it will start at 5.50 and move maximum up to 6.0 under current market situation. hope for best

23Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Sat Jul 23, 2011 8:32 pm

rijayasooriya

rijayasooriya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@econ wrote:below 6 would be ideal but below 7 is not bad. considering PER for IPO price is just 4.7

PER is low.
PER depends on SHARE PRICE and EARNING PER SHARE.
IPO share price has been decided by the company.
Then why such a low IPO price?
I think we can not say this is at a discount just because PER is low.

24Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Sat Jul 23, 2011 9:46 pm

Marketinvest

Marketinvest
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I think at the current conditions it might come down to 4

25Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Sat Jul 23, 2011 10:41 pm

intelstk


Senior Equity Analytic
Senior Equity Analytic
5.5 to 6.50 Very Happy

26Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Sat Jul 23, 2011 10:42 pm

intelstk


Senior Equity Analytic
Senior Equity Analytic
5.5 to 6.50 Very Happy

27Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Sun Jul 24, 2011 12:52 am

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

28Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Sun Jul 24, 2011 8:24 pm

virajith

virajith
Senior Equity Analytic
Senior Equity Analytic
i think it will be 3-3.50?????????????????????

29Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Sun Jul 24, 2011 9:36 pm

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics
@virajith wrote:i think it will be 3-3.50?????????????????????
virajith,

on what reasons you predict such a low price? Could u pl share with us your views.

30Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Sun Jul 24, 2011 9:51 pm

ss7097

ss7097
Manager - Equity Analytics
Manager - Equity Analytics
@Rajaraam wrote:
@virajith wrote:i think it will be 3-3.50?????????????????????
virajith,

on what reasons you predict such a low price? Could u pl share with us your views.

IntelStk, you too provide your explanation how you come for those figures?

31Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Sun Jul 24, 2011 10:05 pm

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics
@mark wrote:i was unable to apply for BINV bcoz of our "suhada hadak athi deshiya bank"

see this.......

*Based on the annualized net profit of Rs. 1,927.4 Mn, diluted EPS stands at
LKR 1.06/-
with total number of shares of 1,810 Mn including the privately
placed shares. Therefore the IPO price of Rs. 5/- is fixed at a trailing PER of 4.7x which is heavily discounted to the Diversified sector PER of 35x and
Investment Trust sector PER of 26x.
(Browns Investment Limited is likely to be listed under ‘Diversified Sector’ (DIV) or the ‘Investment Trust’ (INT)).Further, the price is set at a discount.

btw if you go through the prospectus,you can easily point out some strong factors of it...

now tell me a fair price for this share Question Question

mark, I have a dark area yet. Could u pl. tell us how did u calculate annualised EPS. And how did u get this basic figure.I couldnt find it in IPO documents.

good luck,be wise Very Happy


32Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Mon Jul 25, 2011 6:51 am

sajeethk


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
any private placement before IPO....

33Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Mon Aug 01, 2011 4:17 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

34Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Mon Aug 01, 2011 6:09 pm

econ

econ
Global Moderator
massive collection by owners.

35Browns Investment 1st day price Empty Re: Browns Investment 1st day price on Mon Aug 01, 2011 10:12 pm

mark

mark
Expert
Expert
@Rajaraam wrote:
@mark wrote:i was unable to apply for BINV bcoz of our "suhada hadak athi deshiya bank"

see this.......

*Based on the annualized net profit of Rs. 1,927.4 Mn, diluted EPS stands at
LKR 1.06/-
with total number of shares of 1,810 Mn including the privately
placed shares. Therefore the IPO price of Rs. 5/- is fixed at a trailing PER of 4.7x which is heavily discounted to the Diversified sector PER of 35x and
Investment Trust sector PER of 26x.
(Browns Investment Limited is likely to be listed under ‘Diversified Sector’ (DIV) or the ‘Investment Trust’ (INT)).Further, the price is set at a discount.

btw if you go through the prospectus,you can easily point out some strong factors of it...

now tell me a fair price for this share Question Question

mark, I have a dark area yet. Could u pl. tell us how did u calculate annualised EPS. And how did u get this basic figure.I couldnt find it in IPO documents.

good luck,be wise Very Happy


oh sorry,i just saw your msg.......
btw "XHORA" done a calculation

http://forum.srilankaequity.com/t7212-audited-financial-accounts-browns-investments-ltd#49214

also i got the info from a research report,dnt rmmbr the broker Smile

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