Biscuits in the market...

GAIN · 1 Biscuits in the market... Fri Jul 29, 2011 8:11 pm

GAIN

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Heard a Biscuits company is getting ready to enter the market.. Rolling Eyes

Last edited by GAIN on Fri Jul 29, 2011 8:13 pm; edited 2 times in total (Reason for editing : grammar mistake)

windi5 · 2 Re: Biscuits in the market... Fri Jul 29, 2011 9:49 pm

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It should be Ceylon biscuit Pvt Ltd,Manchee. Its a very good company,export verity of biscuits for several countries

insidertrader · 3 Re: Biscuits in the market... Fri Jul 29, 2011 10:03 pm

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Those days I heard Lucky Yogart was going to list. It's nice to have new companies. When looking at the CSE outsiders would think Sri Lankans eat only chicken.

windi5 · 4 Re: Biscuits in the market... Fri Jul 29, 2011 10:33 pm

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Hikz yea really. There are so many indigenous companies whom came from nothing to success.Lucky Yogurt is one of those companies

Rajaraam · 5 Re: Biscuits in the market... Fri Jul 29, 2011 11:00 pm

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Biscuit, chocolate or candy . No any IPO at this moment. They can come to the market later. Give us some time to stabilze pl.

windi5 · 6 Re: Biscuits in the market... Sat Jul 30, 2011 12:44 am

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Thats true,now ppl are fed up with IPOs. There should be a limit of IPOs per year. They sucks money of the mkt and go downwards.Ppl have learned something now, IPOs are not oversubscribe in 20,30 folders now.

sajeethk · 7 Re: Biscuits in the market... Sat Jul 30, 2011 7:44 am

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but i think that is old story.. the same news i heard in later part of 2009

cse.alpha · 8 Re: Biscuits in the market... Sat Jul 30, 2011 1:04 pm

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Munchee has been speculated to go public for a very long time now - NDB were very confident of doing the IPO at one time, but nothing has happened yet.

There was also talk that Maliban would go public or seek a tie up with Hemas (HHL) a few years ago, but again, nothing happened.

Among the smaller biscuit companies, Cherish (in Anuradhapura) is a long shot, but Diana's Helan biscuits, that was bought last year by Cargills, may be a IPO candidate.

Diana Group itself said it was going public last December. See http://www.thebottomline.lk/2010/12/12/page2.html

Biscuits is a good business in Sri Lanka - hopefully the valuations of any company that goes public will be reasonable, with the company not getting too greedy.

CubedSol · 9 Re: Biscuits in the market... Sat Jul 30, 2011 1:16 pm

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windi5 wrote:Thats true,now ppl are fed up with IPOs. There should be a limit of IPOs per year. They sucks money of the mkt and go downwards.Ppl have learned something now, IPOs are not oversubscribe in 20,30 folders now.

Hmm...Is that ONLY becoz the public learnt something ??

OR

Is it because that the CBSL imposed some restrictions withregards to Bank Gurantees ?? (CAP Exposure to any IPO) ??