Author Topic: Loads Limited  (Read 130861 times)

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Offline memonbacha

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Re: Loads Limited
« Reply #39 on: August 31, 2016, 03:20:25 PM »
Yes please share prospectus if somebody has...need to see if it fulfil Shariah Compliance criteria or not

did u chek its shariah status... plz do let me knw as well....  :thanks:

Pakinvestorsguide

Re: Loads Limited
« Reply #39 on: August 31, 2016, 03:20:25 PM »

Offline sarmad26

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Re: Loads Limited
« Reply #40 on: August 31, 2016, 03:46:23 PM »
Yes please share prospectus if somebody has...need to see if it fulfil Shariah Compliance criteria or not

did u chek its shariah status... plz do let me knw as well....  :thanks:

Three cases passed out of six...will do the working on rest of them late night today

Offline SBM

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I hate waking up.

Offline sarmad26

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Re: Loads Limited
« Reply #42 on: September 05, 2016, 06:39:08 AM »
As per my working, this share is shariah compliant

Offline memonbacha

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Re: Loads Limited
« Reply #43 on: September 05, 2016, 12:15:47 PM »
As per my working, this share is shariah compliant

all 6 criterias matched???

Offline GlobalInvestor

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Re: Loads Limited
« Reply #44 on: September 05, 2016, 12:18:14 PM »
Catch TREET to enjoy loads of profits in near future in sha Allah  :biggthumpup:

Catch TREET to enjoy loads of profits in near future in sha Allah  :biggthumpup:

Ride the Running Horse dears ---- TREET shall be the major beneficiary of this IPO  :biggthumpup:

50 million shares, floor price 15.
Arif Habib responsible for ipo & listing.

na 50 mill nahi ho saktey look at treet's share of 20.82% 15.6 mill

Catch TREET dears TREET >>>>>  :thumbsup_anim:

TREET >>>>>>>>  :thumbsup_anim: :dance :dance
WE Dare to Share the Fundamentals Based, Technically Supported & Sentiments Driven Value Investment LEADS

Offline sarmad26

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Re: Loads Limited
« Reply #45 on: September 05, 2016, 12:38:09 PM »
As per my working, this share is shariah compliant

all 6 criterias matched???

Yes

Offline Farzooq

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Re: Loads Limited
« Reply #46 on: September 05, 2016, 03:46:07 PM »
Loads Limited

IPO: Strengthening Position in Growing Sector
·         We recommend investors to "Subscribe" with a target range of PKR 16-17.25/sh a 20-30% discount to an implied PT of PKR 21/sh based on leading KSE-100 PE of 9.5x on management expectation of FY17 earnings.

·         Loads Limited intends to offer 50mn ordinary shares (40% of post IPO) at a floor price of PKR 15/share which is expected to generate a cumulative amount of PKR 750mn through book building (71.25%) and public offering (28.75%)

·         Key Risks include i) investments preference to other auto parts manufacturers by new entrants (German, Chinese and Korean). However, Rozgar scheme by GoP in the medium term can further support bottom-line of the company.

Product line and Market Position: Loads is dominant player in the automobile parts manufacturing market with the highest market share in the radiator, exhaust systems & sheet metal components markets (refer to the table below). Primary customer base of Loads include all the major players of the auto sector i.e. PSMC, INDU, HCAR, HINO, YAMAHA, Master and THALL. The current product portfolio of LOADS comprises of Brass and Copper Radiators, Exhaust systems (including mufflers and silencer Pipes), moreover the company entered two wheeler segment by making parts for YAMAHA and a wide variety of customized sheet metal components, the company seeks to expand its motorcycle market, which is one of the rationales for raising funds through the IPO.

Transaction Structure and Utilization: Loads Limited intends to offer 50mn ordinary shares (40% of post IPO) at a floor price of PKR 15/share which is expected to generate a cumulative amount of PKR 750mn at floor price through book building (71.25% of total issue) and public offering (28.75% of total issue). The said funds are expected to be utilized in modernization/automation of its manufacturing facility and to meet its additional working capital requirements. Furthermore, the company also wishes to acquire dies, tools and building facility to manufacture auto parts for its new two wheeler segment (YAMAHA). In case the IPO is realized higher than floor price, the excess funds will be utilized to pay short term loans of PKR 1.17bn (FY16E) as per the company.

Management Expectations and Financial Performance:  Amid expected robust automobile industry expansion owing to i) new auto-policy 2016-21 where the sector is expecting new entrants in passenger car industry, coupled with ii) economic stimulus from CPEC that is likely to address the structural bottlenecks of the economy (i.e. energy) outlook on long term automobile demand in the long run remains sanguine. To reap maximum benefit from the rapidly growing sector, the company wishes to expand its production line by ~10-110% (Current 85% utilization) which will translate into a 5 year revenue CAGR of 24%. Gross profit margins are expected to remain stable owing to cost plus methodology, where cost pressure/easing is passed on to the customers. Similarly net profit is projected to grow at 5 year CAGR of 26%.

Risks:
• The German, Chinese and Korean based new entrants might not prefer the existing parts manufacturers.
• The company’s dominance in exhaust systems and radiators may be challenged by expansions in this category by other auto part suppliers.
Upside Risk:
 •   Announcement of Rozgar or Tractor scheme can further enhance volumetric growth of the company.
•  Increase in taxation on imported cars can be an additional trigger for volumetric growth.
Recommendation: We recommend investors to “Subscribe” with a target range of PKR 16-PKR 17.25/sh a 20-30% discount to an implied PT of PKR 21/sh based on leading KSE-100 PE of 9.5x.

Elixir
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Offline hkshahab

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Re: Loads Limited
« Reply #47 on: September 07, 2016, 08:54:27 AM »
What is  expected rate?

Offline Farzooq

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Re: Loads Limited
« Reply #48 on: September 07, 2016, 10:28:33 AM »
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Offline SMF-M

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Re: Loads Limited
« Reply #49 on: September 07, 2016, 02:13:36 PM »
So far Book covered 328%
Strike price 23
-- Faraz

Offline Farhan Kermani

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Re: Loads Limited
« Reply #50 on: September 07, 2016, 02:15:27 PM »
This im sure will go a long way.

Offline GlobalInvestor

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Re: Loads Limited
« Reply #51 on: September 07, 2016, 02:41:59 PM »
So far Book covered 328%
Strike price 23

Lao Lao TREET bhaio TREET  :thumbsup_anim:
WE Dare to Share the Fundamentals Based, Technically Supported & Sentiments Driven Value Investment LEADS

Offline zohaib.merchant

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Re: Loads Limited
« Reply #52 on: September 07, 2016, 02:52:14 PM »
strike at 29

Offline Farhan Kermani

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Re: Loads Limited
« Reply #53 on: September 07, 2016, 02:54:57 PM »
so what will be the floor for IPO

Offline sarmad26

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Re: Loads Limited
« Reply #54 on: September 07, 2016, 04:19:29 PM »
so what will be the floor for IPO

32 seems to be the stop

Offline rational.investor

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Re: Loads Limited
« Reply #55 on: September 07, 2016, 05:15:56 PM »
34. Expensive!

Offline SMF-M

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Re: Loads Limited
« Reply #56 on: September 07, 2016, 05:27:13 PM »
Strike price 34.
-- Faraz

Offline Rixwan

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Re: Loads Limited
« Reply #57 on: September 26, 2016, 04:45:54 PM »
why here is so silence? is there any IPO or not

Offline sarmad26

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Re: Loads Limited
« Reply #58 on: September 26, 2016, 05:05:43 PM »
why here is so silence? is there any IPO or not

There is an IPO..lets see what small investors do with this IPO