UB Full IPO allotment has been sold off...!

Mahesh@CSE wrote:Hi guyes,

I'm new to stock market and brought 500 from UB for 42/-
can someone kindly tell me will this go up or down in following couple of days..

will it go beyond 50/- ???

highly appreciate your ideas..

Thanks in advance..

silentsahan wrote:

isuru_ra wrote:I sold my share @44. I will collect if it's goes to more down

harima buddimath....

smallville wrote:

silentsahan wrote:

isuru_ra wrote:I sold my share @44. I will collect if it's goes to more down

harima buddimath....

silentsahan,
BOSS.. I've seen u making fun of forum members not only once but 6-7 times continuously.. If ur not intelligent enuf to understand that ppl may react to market sentiments which may seem like stupid to u but not to majority of us, ur goonna be best joker here.. We would like to help them in need and advice if we could..

Don't try to be a the hero here.. just if u can't see someone's being upset over their actions, and if ur not able to lend a helping hand at least to ease the pain.. JUST SHUT UP and stay away without causing any more damage....

You've been warned!!!!

Mahesh@CSE wrote:Hi guyes,

I'm new to stock market and brought 500 from UB for 42/-
can someone kindly tell me will this go up or down in following couple of days..

will it go beyond 50/- ???

highly appreciate your ideas..

Thanks in advance..

StocksWatch wrote:

Mahesh@CSE wrote:Hi guyes,

I'm new to stock market and brought 500 from UB for 42/-
can someone kindly tell me will this go up or down in following couple of days..

will it go beyond 50/- ???

highly appreciate your ideas..

Thanks in advance..

Don't worry Mahesh...I am sure you are not the only one. There are people who even bought this at 45. So in that sense you are in a better position my friend.

Let me ask you a question. Before you made your decision to buy this share, did you spend atleast couple of minutes to study their financials to verify if this share is worth at Rs. 42? No offense, I am pretty sure you may have followed the market sentiment and bought this hoping that it will go up further.

To me this was not attractive even at Rs. 25, so I did not apply for the IPO.

The EPS adjusted for IPO is only 42 cents and this gives a very high PE ratio of 100 at Rs 42 per share.

The NAV adjusted for IPO is only Rs. 13 and gives a PBV of 3.23 at Rs. 42 per share.

The above figures explain that this share is certianly not attractive at Rs. 42. There are number of other promising banks already listed in the market that are much better in their current prices.

Having posted this, I have no intention to discourage those who have already invested in this share. The market does not always react to these fundamentals. So you will definetly get your chance to make your exit at an appropriate gain.

(Credit goes to StockGuru for above EPS and NAV figures see http://forum.srilankaequity.com/t2260-union-bank-ratios?highlight=union)