Author Topic: LPL -- Lalpir Power Limited  (Read 34886 times)

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Offline Farzooq

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LPL -- Lalpir Power Limited
« Reply #-1 on: June 07, 2013, 11:08:43 AM »
« Last Edit: August 02, 2013, 10:59:06 PM by M&M »
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LPL -- Lalpir Power Limited
« Reply #-1 on: June 07, 2013, 11:08:43 AM »

Offline Ali135

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Re: Lalpir Power Limited
« on: June 07, 2013, 11:11:52 AM »
kab say trade ho ga ye?????

Online Daftari

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Re: Lalpir Power Limited
« Reply #1 on: June 07, 2013, 12:09:29 PM »
15?     :[ Oversubscribved hoga is rate pey I guess.  :crying_anim02: I hope is rate pey ho aur meri sab applicationen nikal jai!
RABB, sun le tu sariyan hun aaftaan utha le,
Lagda ni dil meinu wapas bulale..

Offline hammad01

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Re: Lalpir Power Limited
« Reply #2 on: June 07, 2013, 12:28:59 PM »
Rs 15 is the base price for book building. The price will definitely go up in the book building. The final price of offering to the public will be at discount.
However, the floor price of Rs15 is considerably low, people were expecting at least Rs 20 and few were expecting above Rs 25.

Offline Ali135

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Re: Lalpir Power Limited
« Reply #3 on: June 07, 2013, 12:32:57 PM »
15?     :[ Oversubscribved hoga is rate pey I guess.  :crying_anim02: I hope is rate pey ho aur meri sab applicationen nikal jai!

PKR 15 pay offer ho ga???? na ker yar.  :bangin:

Online Daftari

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Re: Lalpir Power Limited
« Reply #4 on: June 07, 2013, 12:41:14 PM »
Rs 15 is the base price for book building. The price will definitely go up in the book building. The final price of offering to the public will be at discount.
However, the floor price of Rs15 is considerably low, people were expecting at least Rs 20 and few were expecting above Rs 25.
I think I read a book value of 24.somethingish, at 20% discount to that I guess 20 will be reasonable offer price.
I am not sure about how investors would take aprice higher than book value, I remember Efoods doing that and beings subscriibed by almost 92%. I wonder whether anything above a book value is on their minds  :confused1:
RABB, sun le tu sariyan hun aaftaan utha le,
Lagda ni dil meinu wapas bulale..

Online Daftari

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Re: Lalpir Power Limited
« Reply #5 on: June 07, 2013, 12:43:16 PM »
Rs 15 is the base price for book building. The price will definitely go up in the book building. The final price of offering to the public will be at discount.
However, the floor price of Rs15 is considerably low, people were expecting at least Rs 20 and few were expecting above Rs 25.
I think I read a book value of 24.somethingish, at 20% discount to that I guess 20 will be reasonable offer price.
I am not sure about how investors would take aprice higher than book value, I remember Efoods doing that and beings subscriibed by almost 92%. I wonder whether anything above a book value is on their minds  :confused1:
And to remind you Pakgen had a book value in excess of 30 when it was offered for 19, but then again, those were low times in stock!
RABB, sun le tu sariyan hun aaftaan utha le,
Lagda ni dil meinu wapas bulale..

Offline Ali135

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Re: Lalpir Power Limited
« Reply #6 on: June 07, 2013, 12:46:32 PM »
farzooq bhai ur comments needed........

Offline Sharjeel

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Re: Lalpir Power Limited
« Reply #7 on: June 07, 2013, 05:42:28 PM »
Rs 15 is the base price for book building. The price will definitely go up in the book building. The final price of offering to the public will be at discount.
However, the floor price of Rs15 is considerably low, people were expecting at least Rs 20 and few were expecting above Rs 25.
I think I read a book value of 24.somethingish, at 20% discount to that I guess 20 will be reasonable offer price.
I am not sure about how investors would take aprice higher than book value, I remember Efoods doing that and beings subscriibed by almost 92%. I wonder whether anything above a book value is on their minds  :confused1:

Daftari.... Book value is one of the factors in determination of Market value, but there are many other factors... There may be  a case where book value ranges in 100s but the market value is under 10.... because investors are interested in 2 things. 1. the money (wealth) the company has or generated 2. how will they receive this generated money.... so if the company is restricting  its money within in it and not paying dividends then the book value will surely be greater than market value as the investors will degrade the shares as "not paying"... (Capital gain scenario is ignored intentionally).

Ok what I want to know about LAL PIR is validity of market value calculation as it is calculated using discounted dividend model, notable point is that they themselves mentioned that the company is and may be facing dividend payout problems on account of circular debt issue etc...  One may rightly argue that they also mentioned the fact that the company has an impressive payout history of arround 110% in past..... for him i would say past is past,,, dividend valuation is based on future dividends which are doubtful in this case...

In nut shell I have reservations on the market value of Rs.24.47/-

Seniors especially value estimator bhai plz comment on the market value and prospects of LAL PIR ...  :thanks:


Offline z sony

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Re: Lalpir Power Limited
« Reply #8 on: June 07, 2013, 06:25:22 PM »
kul bataya tha netsol -jun ko short kerna chahye at 35 rate ..i did short 8000 shares@ 34.8 and cut at 32.71 avrege... :good :shoaby:

Offline Nousherwan

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Re: Lalpir Power Limited
« Reply #9 on: June 07, 2013, 06:28:08 PM »
kul bataya tha netsol -jun ko short kerna chahye at 35 rate ..i did short 8000 shares@ 34.8 and cut at 32.71 avrege... :good :shoaby:

 uuu
sony mahewal netsol ke thread per mile ga, yahan pir hain bs.

Offline Nousherwan

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Re: Lalpir Power Limited
« Reply #10 on: June 07, 2013, 06:29:39 PM »
@ tariqhafeez bhai, ur valuable input required here as everybody benefited from ur research and advises on pkgp. thx in advance

Offline SBM

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Re: Lalpir Power Limited
« Reply #11 on: June 07, 2013, 06:31:58 PM »
yar tension kis baat ki hai.
book building pehlay hia
let the big bs fight it out and decide a price.
we will see afterwards
I hate waking up.

Offline SBM

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I hate waking up.

Offline Hamid Mamraiz

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Re: Lalpir Power Limited
« Reply #13 on: June 07, 2013, 06:41:09 PM »
Page 10 of PDF Document tells the whole story...

"The floor price of PkR15/share offers an attractive CY12 dividend yield of 20% and CY13P dividend yield of 19.98%, which is highest amongst its peers."

It means is kee value he 15 kee hai .....
Trend is your friend. Never go against the Trend.

Offline tariqhafeez

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Re: Lalpir Power Limited
« Reply #14 on: June 07, 2013, 06:56:26 PM »
book building process is not for retail investors.  It is for very big investors.   Value for public subscription will be determined after book builiding process.   Floor price of 15 should be looked with a view of the 35 million shares issues as bonus for the book building process. The floor price due to this increase in shares if valued, at least means around 2 to 3 rupees , if they had they not issued bonus. after bonus, its total outstanding shares are over 380 million while pkgp total shares are 372 million.  I foresee even now a good response to lalpir due to upcoming triggers of circular debt resolution which will take place before the book building process. Hence , it will attract good response.

But, there is now a dis connect between the two stocks
pkgp has a superior eps and superior efficiency level.   Lalpir is much lower eps and efficiency level.

Per my sources, pkgp will go for coal conversion in 2014.  while lalpir will go for turbine retrofit in 2014.  in 2015, lalpir will go for coal conversion and pkgp will go for turbine retrofit.

Offline Hamid Mamraiz

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Re: Lalpir Power Limited
« Reply #15 on: June 07, 2013, 07:18:51 PM »
Trend is your friend. Never go against the Trend.

Offline Hamid Mamraiz

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Re: Lalpir Power Limited
« Reply #16 on: June 07, 2013, 07:25:07 PM »


FY13 Expected EPS 3.14
FY14 Expected EPS 1.74
FY14 Expected EPS 2.52
 :thumbsdown_anim:
Trend is your friend. Never go against the Trend.

Offline Nousherwan

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Re: Lalpir Power Limited
« Reply #17 on: June 07, 2013, 07:29:36 PM »


FY13 Expected EPS 3.14
FY14 Expected EPS 1.74
FY14 Expected EPS 2.52
 :thumbsdown_anim:

Ideal time for the group to make this move.

Offline engrusama

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Re: Lalpir Power Limited
« Reply #18 on: June 07, 2013, 11:07:41 PM »
Any idea about its shariah compliance?