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AAF: Not Bad for a Share which could not be Subscribed at 2.50 for a Month

4 posters

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LongTerm


Senior Equity Analytic
Senior Equity Analytic

AAF: Giving you almost 60-75% on the Opening day...

Just Ridiculuous...

Only in Sri Lanka....

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

http://forum.srilankaequity.com/t14796-when-will-asia-asset-finance-ltd-come-to-the-mkt#96668

godswen

godswen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

LongTerm wrote:
Just Ridiculuous...

Only in Sri Lanka....

Why is it ridiculous? This time it's happening on the other way around! Later there were much demand for IPO subscription but no demand on the first day of trading! Now for this AAF were no demand for IPO subscription, but heavy demand on the first trading day!

However this could be a fake demand!

LongTerm


Senior Equity Analytic
Senior Equity Analytic

godswen wrote:
However this could be a fake demand!

Godswen, It's more than LKR 100 Mn for the day and it is still not 12.00

I highly doubt it is fake demand, but there may be something going on which is only known to related parties who are behind the buying...

godswen

godswen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Yes it could be only them, the related parties, who subscribed for the Issue, and they might be happily passing it to the market, even at this time, with gains!

LongTerm


Senior Equity Analytic
Senior Equity Analytic

godswen wrote:Yes it could be only them, the related parties, who subscribed for the Issue, and they might be happily passing it to the market, even at this time, with gains!

Completely Agree...

dsam

dsam
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

situ de nomawei ,nosithu deyama wei

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