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Sri Lanka Equity Forum » Stock Market Talk » Softlogic first day trading

Softlogic first day trading

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1 Softlogic first day trading on Tue Jun 28, 2011 2:58 pm

Ransiri Silva

avatar
Equity Analytic
Equity Analytic
When will be the first day for Softlogic (6 or 7 or Cool? and what will happen given the current trend of the market?

2 Re: Softlogic first day trading on Tue Jun 28, 2011 4:26 pm

Amila86

avatar
Equity Analytic
Equity Analytic
I think it will commence on 11th.. what would be the starting price?

3 Re: Softlogic first day trading on Tue Jun 28, 2011 6:26 pm

sanjeewa88

avatar
Manager - Equity Analytics
Manager - Equity Analytics
According to my perception IPO value is too much. That means Rs.29 X 129Mn.

So we can't expect a remarkable price performance. But it may be good at all.

4 A good company but... on Wed Jun 29, 2011 5:50 am

ansar


Manager - Equity Analytics
Manager - Equity Analytics
It may start around 35 as it is a good company

5 Re: Softlogic first day trading on Wed Jun 29, 2011 6:15 am

sanjeewa88

avatar
Manager - Equity Analytics
Manager - Equity Analytics
At the end of first day it will stay at 32-33.

Lets see what will happen thereafter !

6 Re: Softlogic first day trading on Wed Jun 29, 2011 7:00 am

ssb

avatar
Manager - Equity Analytics
Manager - Equity Analytics
@sanjeewa88 wrote:At the end of first day it will stay at 32-33.

Lets see what will happen thereafter !
how you predict ????
my guess it will go down as PP guys will storm the market as same as EXPO

7 Re: Softlogic first day trading on Wed Jun 29, 2011 7:03 am

ABEST


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
expecting 10%

8 Re: Softlogic first day trading on Wed Jun 29, 2011 7:17 am

sanjeewa88

avatar
Manager - Equity Analytics
Manager - Equity Analytics
[quote="ssb"]
@sanjeewa88 wrote:At the end of first day it will stay at 32-33.

Lets see what will happen thereafter !

Most probably it will come down below the IPO price level within 2-3 days after commencing due to the large quantity of shares.

My prediction only about the first day closing.

9 Re: Softlogic first day trading on Wed Jun 29, 2011 10:05 am

Investor99


Manager - Equity Analytics
Manager - Equity Analytics
I expect the price to go below the IPO issue price as the market is in a downward trend because of the forced selling and there will be less demand for the share. Also if the brokers restrict the buying power this will be another factor for the reduced demand. Investors who bought shares at the private placement might cash in. Also look at the last few IPO's they are trading below IPO issue price.

10 Re: Softlogic first day trading on Mon Jul 04, 2011 10:46 pm

ssb

avatar
Manager - Equity Analytics
Manager - Equity Analytics
33:)

11 Re: Softlogic first day trading on Tue Jul 05, 2011 7:15 pm

ashlee


Manager - Equity Analytics
Manager - Equity Analytics
Any idea about the exact date of the commencement of trading?? Some say its tomorrow, some say day after tommorow and others say on the 11th.. But whn exactly??

12 Re: Softlogic first day trading on Tue Jul 05, 2011 8:15 pm

econ

avatar
Global Moderator
I think it will down to 25 in few weeks.


_________________

--------------------
This is not buying\selling recommendation. Do your own analysis before take any decision

13 Re: Softlogic first day trading on Tue Jul 05, 2011 8:43 pm

ishnet

avatar
Manager - Equity Analytics
Manager - Equity Analytics
@ashlee wrote:Any idea about the exact date of the commencement of trading?? Some say its tomorrow, some say day after tommorow and others say on the 11th.. But whn exactly??

One of My broker (CT smith) said it will coming on 11th

14 Is it softlogic take the Asian alliance ins on Thu Jul 07, 2011 12:10 am

msupeiris


Stock Trader
Shocked Is it softlogic take the Asian alliance ins???

15 Re: Softlogic first day trading on Thu Jul 07, 2011 8:41 pm

nkalansu


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Considering the performance of FLCH and EXPOLANKA I have doubts about the performance of SOFTLOGIC. Mind you UNION BANK was trading below IPO price today.

However want to closely monitor the performance of VONE.

16 Asian Alliance Insurence on Fri Jul 08, 2011 8:31 am

msupeiris


Stock Trader
Guys its true softlogic take the Asian Alliance Insurence Be cool every one
Very Happy alien Very Happy

17 Re: Softlogic first day trading on Fri Jul 08, 2011 8:34 am

ssb

avatar
Manager - Equity Analytics
Manager - Equity Analytics
@msupeiris wrote:Guys its true softlogic take the Asian Alliance Insurence Be cool every one
Very Happy alien Very Happy
you just join yesterday to say that to us,
how charming
dont tell lies man
but i wish your true(i got softlogic)

18 Re: Softlogic first day trading on Fri Jul 08, 2011 8:16 pm

kumudu


Senior Equity Analytic
Senior Equity Analytic
dont lose money by jumping in to ipo trades in the first day. they might come down in the next day

19 Re: Softlogic first day trading on Fri Jul 08, 2011 9:13 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
@ishnet wrote:
@ashlee wrote:Any idea about the exact date of the commencement of trading?? Some say its tomorrow, some say day after tommorow and others say on the 11th.. But whn exactly??

One of My broker (CT smith) said it will coming on 11th

according to this its on 12th july - http://www.cse.lk/cmt/upload_cse_announcements/7731310038231_.pdf

no of share to be listed 779 million

20 Re: Softlogic first day trading on Fri Jul 08, 2011 9:33 pm

rajithasamaranayake


Equity Analytic
Equity Analytic
My advice to guys who got SOFTLOGIC IPO shares to dispose them at whatever price above IPO price.. before those private placement guys start making a move

Those who are planning to buy on the 1st day, PLEASE DO NOT TOUCH as the price will go down well below IPO price

21 Re: Softlogic first day trading on Fri Jul 08, 2011 9:45 pm

nkalansu


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@rajithasamaranayake wrote:My advice to guys who got SOFTLOGIC IPO shares to dispose them at whatever price above IPO price.. before those private placement guys start making a move

Those who are planning to buy on the 1st day, PLEASE DO NOT TOUCH as the price will go down well below IPO price

Fully agreed! Looking at the performance of VONE, the SOFTLOGIC IPO will be a disaster with these negative market conditions. The rumor "Asian Alliance acquisition by Softlogic" will not rectify the situation.

So sell as soon as possible when trading starts on monday. Hope there won't be a system crash like today when lot of people experienced it with DirectFN, CDAX.etc....

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