Lot more crap Companies to be listed

Recent times we saw companies that were listed who hasnt done any good with the IPO money,No growth. what kind of accountability they have towards the public funds got from IPO?

Now a new set of people have emerged to take under performing companies to CSE. Ex bankers and Ex CEOs are those. Eventually after taking to IPO they will secure a place on the board.Sadly some audit firms also started partnering these crooks. I can name few audit firms, and the juglary they have done

It seems that there are lot of Companies trying very hard to go for IPO. The prime objective is not to take the Comapany on the growth path but to get some commission out of it.

Where is the KPO/BPO projetc of PCH.?

One thing that cannot be understood is the founder will hold nearly 80% and give only 20% to public. And he himself be the Chairman/MD/ member of the board. Even someone finds that the Comapny is going in the wrong direction no one on the board can utter a word. Because the MD/Chairman/Board Director has the largest shareholding. So who is responsible for the public funds.

Now the target by going for IPO would be nearly 1bn with 20% share issue. If 20% worth 1Bn 80% worth 4Bn of the main shareholders, which they can pledge and do margin trading and take loans from banks buy some other Company. good that the mrket crashed and those people who do this got strucked. you can see these days Rishn,..deleted..deleted not making headlines

Our SEC need do look in to these areas, until such money in the system will be drained out to these crooks.

Can someone list the companies that are going for IPOs in the future? (May be not in this thread)

Anyway, IMHO, as long as there are dumb people prepared to invest money without doing research (i.e. taking broker's advice), I think these IPOs will flourish.

I thought the IPO "wave" was over and that people have learnt their lessons. Is that not the case?

Cheers!

anubis wrote:
Anyway, IMHO, as long as there are dumb people prepared to invest money without doing research (i.e. taking broker's advice), I think these IPOs will flourish.
I thought the IPO "wave" was over and that people have learnt their lessons. Is that not the case?
Cheers!

Time to time new faces are coming to investment scene, those who burnt tell them there bitter experience, they will be treated as fool by the new entrants and new entrants will invest in crab and IPO with the brokers/friends advice. Then they will also get bitter experience in due course.
That is the cycle of investment mania.

Ah! yes, may be we can't blame people for investing like this. I was also kind of dumb when I started (I never invested in IPOs / speculative though).

Cheers!

anubis wrote:Ah! yes, may be we can't blame people for investing like this. I was also kind of dumb when I started (I never invested in IPOs / speculative though).

Cheers!

We need to advice them, but we can't push all of them towards our investment strategy(way).
Some of them will listen, in that way we are saving some ones money.
Experience play a lot in investment/trade.

I think still some of the Sri Lanka's largerst companies are privetly held. They also need to consider going public. however investors should be very carefull IPOs are fairly valued or not.. some of the recent IPOs are way over valued.. good examples are Softlogic, Expolanka, Access engineering etc...

econ wrote:I think still some of the Sri Lanka's largerst companies are privetly held. They also need to consider going public. however investors should be very carefull IPOs are fairly valued or not.. some of the recent IPOs are way over valued.. good examples are Softlogic, Expolanka, Access engineering etc...

friend what are those companies which might / need (to) become public?

Hawk Eye wrote:Recent times we saw companies that were listed who hasnt done any good with the IPO money,No growth. what kind of accountability they have towards the public funds got from IPO?

Now a new set of people have emerged to take under performing companies to CSE. Ex bankers and Ex CEOs are those. Eventually after taking to IPO they will secure a place on the board.Sadly some audit firms also started partnering these crooks. I can name few audit firms, and the juglary they have done

It seems that there are lot of Companies trying very hard to go for IPO. The prime objective is not to take the Comapany on the growth path but to get some commission out of it.

Where is the KPO/BPO projetc of PCH.?

One thing that cannot be understood is the founder will hold nearly 80% and give only 20% to public. And he himself be the Chairman/MD/ member of the board. Even someone finds that the Comapny is going in the wrong direction no one on the board can utter a word. Because the MD/Chairman/Board Director has the largest shareholding. So who is responsible for the public funds.

Now the target by going for IPO would be nearly 1bn with 20% share issue. If 20% worth 1Bn 80% worth 4Bn of the main shareholders, which they can pledge and do margin trading and take loans from banks buy some other Company. good that the mrket crashed and those people who do this got strucked. you can see these days Rishn,..deleted..deleted not making headlines

Our SEC need do look in to these areas, until such money in the system will be drained out to these crooks.

friend what are those crap companies?

Hawk Eye wrote:Recent times we saw companies that were listed who hasnt done any good with the IPO money,No growth. what kind of accountability they have towards the public funds got from IPO?

Now a new set of people have emerged to take under performing companies to CSE. Ex bankers and Ex CEOs are those. Eventually after taking to IPO they will secure a place on the board.Sadly some audit firms also started partnering these crooks. I can name few audit firms, and the juglary they have done

It seems that there are lot of Companies trying very hard to go for IPO. The prime objective is not to take the Comapany on the growth path but to get some commission out of it.

Where is the KPO/BPO projetc of PCH.?

One thing that cannot be understood is the founder will hold nearly 80% and give only 20% to public. And he himself be the Chairman/MD/ member of the board. Even someone finds that the Comapny is going in the wrong direction no one on the board can utter a word. Because the MD/Chairman/Board Director has the largest shareholding. So who is responsible for the public funds.

Now the target by going for IPO would be nearly 1bn with 20% share issue. If 20% worth 1Bn 80% worth 4Bn of the main shareholders, which they can pledge and do margin trading and take loans from banks buy some other Company. good that the mrket crashed and those people who do this got strucked. you can see these days Rishn,..deleted..deleted not making headlines

Our SEC need do look in to these areas, until such money in the system will be drained out to these crooks.

The content of the topic does not match with the heading. Please list crap IPOs that are pending without taking cover on an attractive heading for a discussion with sinister motive.

ccsentha wrote:

econ wrote:I think still some of the Sri Lanka's largerst companies are privetly held. They also need to consider going public. however investors should be very carefull IPOs are fairly valued or not.. some of the recent IPOs are way over valued.. good examples are Softlogic, Expolanka, Access engineering etc...

friend what are those companies which might / need (to) become public?

There are many.

Maharajas, Sumathi, Swarnamahals, uniliver, Macwoods etc..

Hi Guys,

I read an article on Hindustan Times on yesterday that India has given deadline for Pvt companies to come to Stock market and public minimum involvement should be 25%. I think 25% is not much but should come with this kind of restrictions from SEC Sri Lanka as soon as possible.

econ wrote:I think still some of the Sri Lanka's largerst companies are privetly held. They also need to consider going public. however investors should be very carefull IPOs are fairly valued or not.. some of the recent IPOs are way over valued.. good examples are Softlogic, Expolanka, Access engineering etc...

Though this IPOs over valued surprise to hear oversubscribe with in one day... such a big IPOs... is that means we have lot of money moving through hands...

ss7097 wrote:Hi Guys,

I read an article on Hindustan Times on yesterday that India has given deadline for Pvt companies to come to Stock market and public minimum involvement should be 25%. I think 25% is not much but should come with this kind of restrictions from SEC Sri Lanka as soon as possible.

Hmm.. Interesting move.

http://www.hindustantimes.com/business-news/Markets/No-change-in-shareholding-norms-SEBI/Article1-840166.aspx

I believe this move has more postive signs than negatives.

P.S This applies only for the listed companies in Indian stock exchanges. Not outsiders