PIRAMAL GLASS CEYLON PLC (GLAS.N0000)

Bish2020 wrote:Why it's going down today?

Eranga87 wrote:within 1 month, it will trade beyond Rs.15 level

Eranga87 wrote:

suku502 wrote:

Eranga87 wrote:@Mithooshan,

this research team's inability tell exactly target price of any shares.  they times to times change thier target price (TP) within short period. example. TOKYO, GLAS,DIPD,HAYC,EXPO, ALUM,MGT, etc. so many shares have like this. i think you know this very well.

they cant tell anythings and didnt do any reserch, until publish compnies financial. after the price went up , they realesed reserch report.  they unable to analyze impact of policy changes and market development etc. before, share price wentup , reserch paper not publised. after price goes up reserch paper publised and several times target price. i dont trust such of reserch team outcome.  when we get 5 reserch firm, they tell 5 different things for same thing.

i also agree with u , there is a such a scenario.i think some of shares mentioned above have over valued now.

yes @suku502,

i explained to that research team some earlier anaysis.

praveen11 wrote:

Eranga87 wrote:within 1 month, it will trade beyond Rs.15 level

Piramal Glass business sale is confirmed and very soon a new buyer will be announced. How would this announcement affect GLAS shares? If the buyer decides to de-list, how much will be paid to the shareholder? Can you please advise.

@praveen11,

praveen11 wrote:Thanks Eranga. I also strongly believe that GLAS will trade above 15/-
Fundamentals are strong;
*big capex expense in 2019 has started to general good revenue.
*New buyers onboarding
*Growth in Pharma (Covid vaccine etc.) and food sector in GLAS.
*Profits will further increase in Dec quarter

praveen11 wrote:Hi Eranga, will there be a de-listing? How would the new buyer announcement would attract the share price?

Master D wrote:Valuation Analysis of the deal  ( This is My own work -  pls comment if you have feedback)

Piramal GLASS is to be sold at 900MN to 1Billion USD. Lets consider the worst case. 900 Million.

Two ways to value the SL operation
 1.  Production capacity based allocation on the deal price
 2.  Turnover based valuation (  figures available in financial reports of Piramal group India) 

1. Production capacity based allocation

 Piramal has four plants and to decoration centers. can process 1475 tons a day as a group.
SL operation has 300 tons per day capacity.  Thats 20% of total capacity ( assumed all factories utilized at the percentage capacity allocation).

Sale value = 900 Million USD
20% sale value =  180 million USD =  32.4 billion LKR

No of Shares of GLAS=  1 billion

Thats leads up to a value of 32.4 per share as per this deal. (  best case valuation )


2.  Turnover based valuation

2020/19 turnover for the GLASS operation of Piramal =  357 Million USD (  source: 
https://www.piramalglass.com/piramal-glass-announces-inr-300-crores-us42-million-investment-towards-expansion-of-its-jambusar-plant-in-gujarat-india/ )

Valuation of the deal =  900 Million USD
Valuation ratio =  900/357 =  2.5 times turnover

GLAS N.000 turnover for 19/20 year =  7 billion LKR
valuation as per above ratio = 7*2.5=  17.5 Billion LKR

Price per share =  17.5 Billion LKR /  1 billion shares =  17.5 LKR per share


This valuation goes to 17.5 LKR per share.  (  which is the worst case valuation)




Broker firms now recommends this will be 16+ bcz of the deal. 
Please let me know your thoughts

invest thinker wrote:thankful for GLAS lovers. i also picked at lower level. i able to hold until end of journey. no idea other most benefited counters. some counter still surprised me . please notify others, any special news related to GLAS. my broker firm yesterday said, GLAS price maintained next 2 days due to profit booking sellers , and soon as goes up Rs.14 level. 

invest thinker wrote:thankful for GLAS lovers. i also picked at lower level. i able to hold until end of journey. no idea other most benefited counters. some counter still surprised me  . please notify others, any special news related to GLAS. my broker firm yesterday said, GLAS price maintained next 2 days due to profit booking sellers , and soon as goes up Rs.14 level.  

invest thinker wrote:geesura

invest thinker wrote:thankful for GLAS lovers. i also picked at lower level. i able to hold until end of journey. no idea other most benefited counters. some counter still surprised me  . please notify others, any special news related to GLAS. my broker firm yesterday said, GLAS price maintained next 2 days due to profit booking sellers , and soon as goes up Rs.14 level.  

I think we all got suprised by that one share.btw i also collected glas at lower levels n got a good return unlike other penny stocks this had a good reason to fly .luckily I entered the penny stock rallie at the start 



@geesura, yes bro..
other most of stocks went as a rocket without reasons. now comeback without reasons .

GLAS path vey clear.. it may be next expo.. solid financial, new market and product developments and new ownership comfort to further movement.  my broker told, hold until few weeks, it could be go far.

thankful for @Eranga87,  MasterD, and JAY-JAY  early highlighted share.

samaritan wrote:Master Ji Sir, wish to bring this to your notice.,

Glass may cut your hand!

https://economynext.com/sri-lankas-piramal-glass-parents-sale-narrows-to-two-bidders-report-73970/

Quote from article:
"The two investment firms and Piramal had declined comment and there is a possibility that the sale may not go through, the report said."

Eranga87 wrote:https://www.bloomberg.com/news/articles/2020-09-15/blackstone-partners-group-said-in-race-to-buy-piramal-glass

samaritan wrote:

Eranga87 wrote:https://www.bloomberg.com/news/articles/2020-09-15/blackstone-partners-group-said-in-race-to-buy-piramal-glass

This too is old news published on 15th Sept'2020.

Eranga87 wrote:

samaritan wrote:

Eranga87 wrote:https://www.bloomberg.com/news/articles/2020-09-15/blackstone-partners-group-said-in-race-to-buy-piramal-glass

This too is old news published on 15th Sept'2020.

yes.. old one month, please read carfully read content what they said. :)
sri lankan news article was not fully disclosed everythings unless they collect information from bloomberg.