HVA closer to IPO price

nkuda · 1 HVA closer to IPO price Mon Jun 13, 2011 8:47 am

nkuda

Manager - Equity Analytics

Posts : 273
Equity Stars : 5460
Reputation : 11
Join date : 2011-02-19

HVA is now very closer to IPO price (Now 16, IPO price 15), However it's year ended EPS down to 0.69 from 0.82. So, Current PE is 16/0.69 = 23.18, Therefore even if it touches to the IPO price, It's not much attractive as I feel. What is you view on HVA ?

m2_yapa · 2 Re: HVA closer to IPO price Mon Jun 13, 2011 3:30 pm

m2_yapa

Senior Manager - Equity Analytics

Posts : 432
Equity Stars : 5483
Reputation : 30
Join date : 2011-06-01
Location : Colombo

HVA food will have bright future with globally food crisis...as well as this quarter performance should be better than other quarters...for Long term investors HVA is a GEM@ 16-17....if i am not wrong HVA IPO is 16....better to check it.....please do careful studies before buying stocks....1 rupee also is a rupee...that is your hard earned money...if you are not stolen...it Razz

Good luck!

nkuda · 3 Re: HVA closer to IPO price Mon Jun 13, 2011 4:05 pm

nkuda

Manager - Equity Analytics

Posts : 273
Equity Stars : 5460
Reputation : 11
Join date : 2011-02-19

m2_yapa wrote:HVA food will have bright future with globally food crisis...as well as this quarter performance should be better than other quarters...for Long term investors HVA is a GEM@ 16-17....if i am not wrong HVA IPO is 16....better to check it.....please do careful studies before buying stocks....1 rupee also is a rupee...that is your hard earned money...if you are not stolen...it
Good luck!

Yes...sorry for mistake, it's IPO price is 16, but is not it's current price a fare price
for HVA?

wgsaman · 4 Re: HVA closer to IPO price Mon Jun 13, 2011 4:39 pm

wgsaman

Senior Manager - Equity Analytics

Posts : 348
Equity Stars : 5431
Reputation : 48
Join date : 2011-05-20
Age : 33

m2_yapa wrote:HVA food will have bright future with globally food crisis...as well as this quarter performance should be better than other quarters...for Long term investors HVA is a GEM@ 16-17....if i am not wrong HVA IPO is 16....better to check it.....please do careful studies before buying stocks....1 rupee also is a rupee...that is your hard earned money...if you are not stolen...it
Good luck!

really

StocksWatch · 5 Re: HVA closer to IPO price Mon Jun 13, 2011 7:59 pm

StocksWatch

Assistant Vice President - Equity Analytics

Posts : 720
Equity Stars : 6015
Reputation : 186
Join date : 2011-02-12

This may trade at or below IPO price but it doesn't mean the share becomes attractive. Considering current earnings, this is still an overvalued counter for me.

However, there may be short term fluctuations.

wsaman · 6 Re: HVA closer to IPO price Tue Jun 14, 2011 5:20 pm

wsaman

Manager - Equity Analytics

Posts : 234
Equity Stars : 5329
Reputation : 12
Join date : 2011-04-11
Location : Colombo

My broker recommended me to buy b4 2 weeks.
Fool me listen to him again and purchased 3000 shares at 19.
as usual it went down after his recommendation.
as usual I'm suffering bcz of listening to him.
Sad

m2_yapa · 7 Re: HVA closer to IPO price Tue Jun 14, 2011 11:43 pm

m2_yapa

Senior Manager - Equity Analytics

Posts : 432
Equity Stars : 5483
Reputation : 30
Join date : 2011-06-01
Location : Colombo

wsaman wrote:My broker recommended me to buy b4 2 weeks.
Fool me listen to him again and purchased 3000 shares at 19.
as usual it went down after his recommendation.
as usual I'm suffering bcz of listening to him.

Hey do not worry...last two days i saw a big player is collecting it....it will have a uptrend soon...basically a rally....manipulated rally...then you will be happy!
Good luck!

wgsaman · 8 Re: HVA closer to IPO price Wed Jun 15, 2011 8:29 am

wgsaman

Senior Manager - Equity Analytics

Posts : 348
Equity Stars : 5431
Reputation : 48
Join date : 2011-05-20
Age : 33

m2_yapa wrote:

wsaman wrote:My broker recommended me to buy b4 2 weeks.
Fool me listen to him again and purchased 3000 shares at 19.
as usual it went down after his recommendation.
as usual I'm suffering bcz of listening to him.

Hey do not worry...last two days i saw a big player is collecting it....it will have a uptrend soon...basically a rally....manipulated rally...then you will be happy!
Good luck!

yes yes

cse.alpha · 9 Re: HVA closer to IPO price Wed Jun 15, 2011 4:11 pm

cse.alpha

Senior Manager - Equity Analytics

Posts : 336
Equity Stars : 5615
Reputation : 112
Join date : 2011-01-28

HVA even traded below its IPO price of Rs 16 for first time on 14th June 2011, trading during day at Rs 15.50 even.

Its 31st March 2011 shareholder list shows that biggest owner outside of controlling 70% shareholder, is JB Coco Shell with just 1.14 million shares (1.72%) and public float is still 30%.

On HVA 1st day of trading in February 2011, almost the entire quantity of 19.9 million IPO shares traded. But as at 31st March, no sign of strategic buyers. During the past month, HVA has never even traded more than 0.5 million shares per day.

HVA 4Q results were poor, with profit falling 37% yoy to Rs 8 million (fully diluted EPS of 13 cents). Worryingly, Gross Profit was down yoy, and the results were not dragged by IPO expenses, as they were not charged to P&L. FY11 profit also ended down 15% at Rs46 million.

Two broker reports on HVA in January 2011, by Acuity and Bartleet, predicted HVA FY11 profits at Rs 79 m and Rs 71 m respectively - once again confirming the poor quality of broker research.

If broker analysts can't predict results 3 months out, what good are their 'long term' forecasts?

Read interim financials, annual reports, broker reports, comments on this forum etc - but do your own research too.