Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit a Post
Submit Post
Submit Post
Latest topics
» lOFC definitely will hit 6/-
CTSmith recommend to subscribe for softlogic IPO EmptyToday at 12:35 am by Promoney

» REXP TIME TO MOVE Rs 450 why??????
CTSmith recommend to subscribe for softlogic IPO EmptyYesterday at 11:30 pm by Bakka1988

» Common trading mistakes: part two
CTSmith recommend to subscribe for softlogic IPO EmptyYesterday at 11:29 pm by freeforexsignals2020

» Will NEST reach 15000 one day?
CTSmith recommend to subscribe for softlogic IPO EmptyYesterday at 11:16 pm by Bakka1988

» cargo boat
CTSmith recommend to subscribe for softlogic IPO EmptyYesterday at 9:15 pm by abey

» what's going on in CITW?
CTSmith recommend to subscribe for softlogic IPO EmptyYesterday at 9:12 pm by abey

» ARPICO INSURANSE
CTSmith recommend to subscribe for softlogic IPO EmptyYesterday at 8:20 pm by wisdom79

» SOFTLOGIC LIFE INSURANCE PLC
CTSmith recommend to subscribe for softlogic IPO EmptyYesterday at 8:11 pm by wisdom79

» VPEL.N Any good news..?
CTSmith recommend to subscribe for softlogic IPO EmptyYesterday at 8:04 pm by wisdom79

» COLOMBO TELEGRAPH
CTSmith recommend to subscribe for softlogic IPO EmptyYesterday at 6:18 pm by kumarweerarathne

» top gainers
CTSmith recommend to subscribe for softlogic IPO EmptyYesterday at 6:01 pm by abey

» IT professionals lash out at Sajith for misleading public
CTSmith recommend to subscribe for softlogic IPO EmptyYesterday at 2:55 pm by ChooBoy

» Survey on Stock Market Practitioners..!! (TO: Stockbrokers,advisors,practicitioners. Value your support..!!)
CTSmith recommend to subscribe for softlogic IPO EmptyYesterday at 12:46 pm by gayani2018

» DIST.N0000
CTSmith recommend to subscribe for softlogic IPO EmptyYesterday at 12:44 pm by Invest2018

» FORUM NEW OUTLOOK: Give your comments and suggestions
CTSmith recommend to subscribe for softlogic IPO EmptyYesterday at 10:05 am by Sstar

» Teller New Pr diction
CTSmith recommend to subscribe for softlogic IPO EmptySat Oct 12, 2019 10:52 pm by fireshelter

» GREG - CITW- BFN - BALA - MAL- LDEV - ACME Pump and & Dump Train soon
CTSmith recommend to subscribe for softlogic IPO EmptySat Oct 12, 2019 10:05 pm by mahasona2

» what happend to COMB
CTSmith recommend to subscribe for softlogic IPO EmptySat Oct 12, 2019 7:43 pm by kumarweerarathne

» Day trading can be a very profitable venture
CTSmith recommend to subscribe for softlogic IPO EmptySat Oct 12, 2019 5:47 pm by Asoka Samarakone

» Rexp ලාභය සියයට 35 කින් ඉහළ යයි
CTSmith recommend to subscribe for softlogic IPO EmptySat Oct 12, 2019 1:58 pm by jaya

» WHY MANY CASES POSTPONE?
CTSmith recommend to subscribe for softlogic IPO EmptySat Oct 12, 2019 12:03 pm by Arrowrisk

»  Investing in Govt. securities today riskier than Greece bonds. Rating ‘True and Correct’
CTSmith recommend to subscribe for softlogic IPO EmptySat Oct 12, 2019 11:21 am by ChooBoy

» CSE from Dawn of Peace to Rebirth of Terrorism
CTSmith recommend to subscribe for softlogic IPO EmptySat Oct 12, 2019 11:17 am by ChooBoy

» OUR LOST DIGNITY
CTSmith recommend to subscribe for softlogic IPO EmptySat Oct 12, 2019 10:18 am by jaya

» Target Price Prediction
CTSmith recommend to subscribe for softlogic IPO EmptySat Oct 12, 2019 10:05 am by jaya

» EAST PRICE SAME
CTSmith recommend to subscribe for softlogic IPO EmptySat Oct 12, 2019 8:39 am by Invest2018

» Start of a bull market
CTSmith recommend to subscribe for softlogic IPO EmptyFri Oct 11, 2019 11:53 pm by Rare

» Royal Ceramis . RCL.N000
CTSmith recommend to subscribe for softlogic IPO EmptyFri Oct 11, 2019 5:08 pm by ThilinaM

» THE CASE FOR A BEAR MARKET IN THE USD
CTSmith recommend to subscribe for softlogic IPO EmptyFri Oct 11, 2019 3:26 pm by samaritan

» Positive News
CTSmith recommend to subscribe for softlogic IPO EmptyFri Oct 11, 2019 2:47 pm by samaritan

» GREG & DPL
CTSmith recommend to subscribe for softlogic IPO EmptyFri Oct 11, 2019 2:41 pm by Hewagak

» SCRAPS up....
CTSmith recommend to subscribe for softlogic IPO EmptyFri Oct 11, 2019 1:05 pm by Hewagak

» Look PAP Amazing company
CTSmith recommend to subscribe for softlogic IPO EmptyFri Oct 11, 2019 12:58 pm by roshan1039

» Citrus group and colombo land
CTSmith recommend to subscribe for softlogic IPO EmptyFri Oct 11, 2019 12:43 pm by wbslstocks

» Access (AEL) seems to give us good return during next 05 months
CTSmith recommend to subscribe for softlogic IPO EmptyFri Oct 11, 2019 11:50 am by EPS

» TKYO X Target prce Rs.32.50
CTSmith recommend to subscribe for softlogic IPO EmptyFri Oct 11, 2019 7:52 am by bhanu

» REXP TIME TO MOVE Rs 450
CTSmith recommend to subscribe for softlogic IPO EmptyFri Oct 11, 2019 3:51 am by Bakka1988

» KZOO . N0000 - wILL HIT TO RS. 5 LEVELS
CTSmith recommend to subscribe for softlogic IPO EmptyThu Oct 10, 2019 11:37 pm by Cma

» FORMER CENTRAL BANK GOVERNOR UNFOLDS 12-POINT REVIVAL PLAN
CTSmith recommend to subscribe for softlogic IPO EmptyThu Oct 10, 2019 9:47 pm by Quibit

» Please Help
CTSmith recommend to subscribe for softlogic IPO EmptyThu Oct 10, 2019 7:47 pm by kumarweerarathne

» RENUKA CAPITAL PLC KZOO.N0000@2.80
CTSmith recommend to subscribe for softlogic IPO EmptyThu Oct 10, 2019 6:51 pm by fireshelter

» CONSTRUCTION SECTOR - PORT CITY UPDATES
CTSmith recommend to subscribe for softlogic IPO EmptyThu Oct 10, 2019 4:48 pm by sureshot

» Look APLA its trending to 98LKR
CTSmith recommend to subscribe for softlogic IPO EmptyThu Oct 10, 2019 2:25 pm by Uaecoindubai

» ලංකාවේ economic moat Organization.
CTSmith recommend to subscribe for softlogic IPO EmptyThu Oct 10, 2019 1:59 pm by dhaneenja

» BIL deal eka sidu nowana bawa karunikawa dannwa sitimi
CTSmith recommend to subscribe for softlogic IPO EmptyThu Oct 10, 2019 12:54 pm by Bakka1988

» Kzoo (Renuka Capital) Hidden Gem Why?
CTSmith recommend to subscribe for softlogic IPO EmptyThu Oct 10, 2019 12:20 pm by Trader321

» SLPP BRINGING MARKET DOWN
CTSmith recommend to subscribe for softlogic IPO EmptyThu Oct 10, 2019 12:02 pm by sureshot

» bil is performing
CTSmith recommend to subscribe for softlogic IPO EmptyThu Oct 10, 2019 11:16 am by De23

» ACCESS ENGINEERING SHARE PRICE FORECAST
CTSmith recommend to subscribe for softlogic IPO EmptyWed Oct 09, 2019 9:37 pm by EPS

» BIL පුපුරා යාමට ආසන්නයි
CTSmith recommend to subscribe for softlogic IPO EmptyWed Oct 09, 2019 6:01 pm by Winner123

» Sri Lanka unemployment rate edges up 2019 2Q
CTSmith recommend to subscribe for softlogic IPO EmptyWed Oct 09, 2019 4:44 pm by God Father

» Cautionary Notice issued by the Securities and Exchange Commission of Sri Lanka (SEC)
CTSmith recommend to subscribe for softlogic IPO EmptyWed Oct 09, 2019 4:31 pm by Uaecoindubai

» SLFP SPLIT INTO TWO
CTSmith recommend to subscribe for softlogic IPO EmptyWed Oct 09, 2019 3:20 pm by samaritan

» AFTER LONG TIME ENTER WITH KZOO
CTSmith recommend to subscribe for softlogic IPO EmptyWed Oct 09, 2019 2:33 pm by Trader321

» අජිත් නිවාඩ් කබ්රාල් හිටපු මහබැංකු අධිපතිවරයා ඉදිරිපත් කල ආර්ථිකය නැවත නංවාලීම සඳහා දොළොස් වැදෑරුම් සැලසුම*
CTSmith recommend to subscribe for softlogic IPO EmptyWed Oct 09, 2019 2:05 pm by God Father

» About OVERSEAS REALTY (CEYLON) PLC (OSEA.N)
CTSmith recommend to subscribe for softlogic IPO EmptyWed Oct 09, 2019 1:59 pm by Arrowrisk

» NEST ලාභය දෙගුණ කරගනී
CTSmith recommend to subscribe for softlogic IPO EmptyWed Oct 09, 2019 12:41 pm by De23

» We need an economic model that works for people and the planet
CTSmith recommend to subscribe for softlogic IPO EmptyWed Oct 09, 2019 12:26 pm by Rare

» ACAP GOOD LEVEL TO ENTER PREDICT 10 or EVEN MORE
CTSmith recommend to subscribe for softlogic IPO EmptyWed Oct 09, 2019 11:23 am by NZ BOY

»  ආර්ථිකය නැවත නංවාලීම සඳහා දොළොස් වැදෑරුම් සැලසුම
CTSmith recommend to subscribe for softlogic IPO EmptyTue Oct 08, 2019 11:47 pm by Eng Krishantha

» AEL up or down?
CTSmith recommend to subscribe for softlogic IPO EmptyTue Oct 08, 2019 8:52 pm by EPS

» EAST WEST PROPERTIES PLC
CTSmith recommend to subscribe for softlogic IPO EmptyTue Oct 08, 2019 3:49 pm by nuwanmja

» Lookout for RCL
CTSmith recommend to subscribe for softlogic IPO EmptyTue Oct 08, 2019 1:32 pm by ddrperera

» REXP***REXP***REXP***REXP
CTSmith recommend to subscribe for softlogic IPO EmptyTue Oct 08, 2019 12:59 pm by Bakka1988

» Security for Viyangoda, Thenuwara
CTSmith recommend to subscribe for softlogic IPO EmptyTue Oct 08, 2019 12:43 pm by soileconomy

» Country needs corruption free people’s government – President
CTSmith recommend to subscribe for softlogic IPO EmptyTue Oct 08, 2019 11:08 am by Arrowrisk

» ‘Manawa’ seeks clarification on Gota’s documents from Elec. Com.
CTSmith recommend to subscribe for softlogic IPO EmptyTue Oct 08, 2019 10:27 am by CITIZEN

» SAJITH TO BE NAMED AS THE UNP CANDIDATE
CTSmith recommend to subscribe for softlogic IPO EmptyTue Oct 08, 2019 9:56 am by samaritan

» EAST WEST REPORT
CTSmith recommend to subscribe for softlogic IPO EmptyTue Oct 08, 2019 9:18 am by Ahcha

» Greg අශ්වයා ධාවනය වීමට නියමිතයි
CTSmith recommend to subscribe for softlogic IPO EmptyMon Oct 07, 2019 12:34 pm by Bakka1988

» Beware of the Stock Market Mafia
CTSmith recommend to subscribe for softlogic IPO EmptyMon Oct 07, 2019 10:53 am by soileconomy

» සජීවී තොරතුරු පෙලගැස්ම - GR Case
CTSmith recommend to subscribe for softlogic IPO EmptySun Oct 06, 2019 7:02 pm by samaritan

» Gotabaya: The Same Old Wine in a New Bottle
CTSmith recommend to subscribe for softlogic IPO EmptySun Oct 06, 2019 1:46 pm by samaritan

» Who is Ajith Nivard Cabraal?
CTSmith recommend to subscribe for softlogic IPO EmptySun Oct 06, 2019 1:42 pm by samaritan

» How stock brokers misled investors in 2011
CTSmith recommend to subscribe for softlogic IPO EmptySun Oct 06, 2019 1:35 pm by samaritan

»  ඉතිහාසයේ රනින් ලියැවෙන තීන්දුව ගනී.. ගෝටා වෙනුවෙන් පොහොට්ටුවට සහාය දෙන්න ජනපති එකග වේ… දැන් ගෝටා අත උඩ ලක්‍ෂ 65යි..
CTSmith recommend to subscribe for softlogic IPO EmptySun Oct 06, 2019 12:14 am by rukshan1234

» where to get real ielts,pte india((Whatsapp:+1 (484) 416-6687))
CTSmith recommend to subscribe for softlogic IPO EmptySat Oct 05, 2019 11:25 pm by agent

» (40 more needed) Please help by filling the questionnaire on the stock market investor behavior in the Sri Lankan share market
CTSmith recommend to subscribe for softlogic IPO EmptySat Oct 05, 2019 9:57 am by gayani2018

» SPEN.N0000 ? Is it okry t buy at this level?
CTSmith recommend to subscribe for softlogic IPO EmptyFri Oct 04, 2019 7:08 pm by sameboy

» About DEALINGS BY DIRECTORS... Question?
CTSmith recommend to subscribe for softlogic IPO EmptyFri Oct 04, 2019 12:51 pm by dhaneenja

» EAST WEST
CTSmith recommend to subscribe for softlogic IPO EmptyFri Oct 04, 2019 10:09 am by CITIZEN

» EAST WEST STRONG
CTSmith recommend to subscribe for softlogic IPO EmptyFri Oct 04, 2019 9:43 am by Ahcha

» NDB share price forcast
CTSmith recommend to subscribe for softlogic IPO EmptyFri Oct 04, 2019 8:42 am by chandanaplus@gmail.com

» NDB share price forcast
CTSmith recommend to subscribe for softlogic IPO EmptyFri Oct 04, 2019 8:18 am by chandanaplus@gmail.com

» ගෝඨාභය නඩුවෙන් නිදහස්
CTSmith recommend to subscribe for softlogic IPO EmptyThu Oct 03, 2019 3:56 pm by Beta1

» SLPP SUBSTITUTE READY...
CTSmith recommend to subscribe for softlogic IPO EmptyThu Oct 03, 2019 3:56 pm by Hewagak

» Presidential election vote..Who will win? POLL
CTSmith recommend to subscribe for softlogic IPO EmptyThu Oct 03, 2019 11:43 am by Arrowrisk

» Invest in what you know and produce profits.
CTSmith recommend to subscribe for softlogic IPO EmptyThu Oct 03, 2019 9:24 am by Asoka Samarakone

» Research And Analysis Wing and Central Intelligence Agency is not yet finalised its plan here
CTSmith recommend to subscribe for softlogic IPO EmptyThu Oct 03, 2019 7:24 am by soileconomy

» Vision ,Plan,Capabilities should posses by 2020 president in SL
CTSmith recommend to subscribe for softlogic IPO EmptyThu Oct 03, 2019 7:16 am by soileconomy

Advertise

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » CTSmith recommend to subscribe for softlogic IPO

CTSmith recommend to subscribe for softlogic IPO

Go down  Message [Page 1 of 1]

TuskerLK

TuskerLK
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
This is how they concluded the report

Attractive Valuations

Net profit is projected to rise significantly to Rs.1,770mn (up 142% YoY) in FY12E and Rs.2,589mn (up 46% YoY) in FY13E, due to higher returns from retail and consolidation of the healthcare sector. The Group consequently trades at attractive valuations of 12.0X FY12E and 8.7X FY13E, at a discount to sector peers whilst offering superior ROEs of 32% FY12E and 27% FY13E.

We thus recommend, SUBSCRIBE.

-------------------------------------

Full text of their mail is given below

From: C T Smith Stockbrokers - Research
To: C T Smith Stockbrokers - Research
Sent: Thursday, June 02, 2011 12:35 AM
Subject: CTS - Softlogic Holdings IPO Report - 01 June 2011


Company Description and IPO Details

Softlogic Holdings, founded in 1991 as a software development and IT solutions company, has since expanded into lucrative sectors of the local economy, such as telecommunication services, retail (consumer electronics, branded apparel and furniture), automobiles, healthcare, financial services and leisure.

Softlogic will make an offer for subscription to the public for 139.0mn ordinary voting shares (17.8% of the Group post- IPO) at a price of Rs.29.00 per share, to be listed on the Diri Savi Board of the Colombo Stock Exchange (CSE) under the "Diversified Holdings" sector. The IPO will raise approximately Rs.4, 031mn, primarily to retire debt taken on recently to increase its stake in ASIR, acquire Softlogic Capital and Ceysand Resorts and fund working capital, whilst Rs.27mn will be utilized to part fund the cost of the IPO.

Investment Thesis:

Exposure to Key Sectors of the Economy[/b]
Retail, Tourism, Finance, ICT are all thrust sectors that will benefit from the peace dividend. Management has a proven track record in adding value to acquisitions it has made, particularly in the healthcare and retail businesses.

Reaping the Benefits of Timely Investments
The group has expanded aggressively since 2006 into key sectors, via leveraged acquisitions when asset prices were low. Softlogic now stands to reap benefits of these acquisitions given a conducive operating environment; rising per capita incomes, low interest rates and a vibrant capital market to raise equity and re-align its balance sheet.

Following a Multi-Brand, Multi-Channel Strategy
Softlogic has a diverse portfolio of global brands catering to a range of consumer segments, and is in a prime position to take advantage of increased discretionary income. Pursuing a multi-brand strategy will reduce single-brand dependency, whilst enabling a “Softlogic” store franchise expansion method.

Several Near-Term Catalysts
Near-term catalysts include the likelihood of expanding its brand portfolio, signing up with a reputed international operator for its resort property and plans to gain scale in its financial services business.

Attractive Valuations
Net profit is projected to rise significantly to Rs.1,770mn (up 142% YoY) in FY12E and Rs.2,589mn (up 46% YoY) in FY13E, due to higher returns from retail and consolidation of the healthcare sector. The Group consequently trades at attractive valuations of 12.0X FY12E and 8.7X FY13E, at a discount to sector peers whilst offering superior ROEs of 32% FY12E and 27% FY13E.

We thus recommend, SUBSCRIBE.

----------------------------------------------

I have serious doubt about the professional conduct of the stock brokers. In this analysis report they predict the revenue to go up from 9,274.7mn in 2011 to 20,473.4mn in 2012.

Open for discussion.




Last edited by tinyman on Thu Jun 02, 2011 2:00 pm; edited 1 time in total (Reason for editing : editing)

rijayasooriya

rijayasooriya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
There is no any question in investing in softlogic...it is acompany with bright future....Problem is this IPO is overpriced and also that PP...Share price may go down and we may be able to buy it at a lower cost. At the same If this IPO can be undersubscribed(may be a day dream) other companies will also learn a lesson(not to do this type of junky things)

surf


Equity Analytic
Equity Analytic
[quote="rijayasooriya"]There is no any question in investing in softlogic...it is acompany with bright future....Problem is this IPO is overpriced and also that PP...Share price may go down and we may be able to buy it at a lower cost. At the same If this IPO can be undersubscribed(may be a day dream) other companies will also learn a lesson(not to do this type of junky things) [/quo

Same as expolanka

econ

econ
Global Moderator
retailers should avoid this over priced and unfair IPO.

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Easy for brokers to promote. They win any way on first day.

Mano


Stock Trader
I have read the report. CT Smith has a good reputation. The increase in revenue looks very achievable when it consolidates the Asiri Holdings revenue next year.The retail and healthcare sectors looks very good. If the PER is 12x thats very good. I will certainly invest.

TuskerLK

TuskerLK
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Mano wrote:I have read the report. CT Smith has a good reputation. The increase in revenue looks very achievable when it consolidates the Asiri Holdings revenue next year.The retail and healthcare sectors looks very good. If the PER is 12x thats very good. I will certainly invest.

This is not mono but mano - a newcomer

rijayasooriya

rijayasooriya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
tinyman wrote:
@Mano wrote:I have read the report. CT Smith has a good reputation. The increase in revenue looks very achievable when it consolidates the Asiri Holdings revenue next year.The retail and healthcare sectors looks very good. If the PER is 12x thats very good. I will certainly invest.

This is not mono but mano - a newcomer
May be a invester who has bought shares in that pp....If not so I am very sory.. Wink

cse.alpha


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
CT Smith are part of same group as CT Capital, the co-managers to the Softlogic IPO.So what can you expect other than a BUY recommendation? It was same with Expolanka too.CTSmith always promote the large issues and larger companies such as DIAL and JKH.

The forecast revenue increase for Softlogic is part believable, as Softlogic will consolidate Asiri Hospital group for first time this year after gaining 50% control lately, after previously counting it as an associate, with share of revenue not being consolidated.



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum