LPL.N0000

[ruwan326]

Experts, please share your valuable thoughts

[slstockVeteran]

Whom do you think will comment here ? Haha.


People who comment usually are

1) those who hold a share and maybe like  to

a) promote to dump
b) learn impartially


2) after they sell a share ( or want to collect)
 -  maybe to demote to buy cheaper


3) 1 in 1000,  will comment for public education on shares they don't hold.
 
LPL is new to CSE. Anyway on LPL ( Laugfs Power)  

* investors stay away until we know the financial details

* Trader stay away until the price settles down.

  There maybe a trading op later ( every share will have trading ops sometime
  or the other ) . Even ig trading note LPL.N and X are about same values now.

  Pick N over X .


Right now , no info is there on financials or to find valuation.

[ruwan326]

I knew it's going to be you

Thank you SLS.......

Thought some one will put a long story and promote or demote
Still this place is safe
So we need to wait till 1st QR result.

[nihal123Top contributor]

Whom do you think  will comment here ?  Haha.


People who comment  usually are

1) those who hold a share and maybe like  to

a) promote to dump
b) learn impartially


2) after they sell a share ( or want to collect)  
 -  maybe to demote to buy cheaper


3) 1 in 1000,  will comment for public education on shares they don't hold.
 
LPL is new to CSE.  Anyway on LPL ( Laugfs Power)  

* investors stay away until we know the financial details

* Trader stay away until the price settles down.

  There maybe a trading op later ( every share will have trading ops sometime
  or the other ) . Even ig trading note LPL.N and X are about same values now.

  Pick N over X .


Right now , no info is there on financials or to find valuation.

මේ කොටස් පුද්ගලිකව දිලාතියන්නේ ඒවද ? ඒවායේ විකුනුම් මිල කීයද ?

[slstockVeteran]

මේ කොටස් පුද්ගලිකව දිලාතියන්නේ ඒවද ? ඒවායේ විකුනුම් මිල කීයද ?

Nihal, good question.


I might be wrong, but from what I recall Laugf power and  Eco Sri
was supposed to be listed at CSE as an Introduction for a long time.

As such, you correctly asked what is the introduction price?

I could not  find even a document announcing this listing at CSE when I checked.
If so this is very wrong and am not sure WHY CSE allowed this  without
enough public  info.  

Even if they propose an introduction price, it does not mean LPL value is such.
Usually the first traded price of the day could be the introduction value
( am guessing only)

But we know how many introductions went wrong at CSE.
I really need to find atleast 1  latest financial document to understand
any valuation for this.

This is why I warned for sake of  CSE people who don't know even what LPL is.

[ruwan326]

Listing of the Shares of the Company
An application has been made by the Company to the CSE for permission for a listing of three
hundred and thirty five million and eighty six (335,000,086) Ordinary Voting Shares and fifty two
million (52,000,000) Non-Voting Shares being the entirety of the Issued and Paid Up Ordinary Voting
Shares and Non-Voting Shares represented in the Stated Capital of the Company by way of an
Introduction and in principle approval of the CSE has been received by the Company for the listing of
such Shares on the “Diri Savi Board“ of the CSE.

The Reference Prices of LKR 8.80 per Ordinary Voting Share and LKR 6.90 per Non-Voting Share were
determined by the Board of Directors of the Company in consultation with the Manager to the
Introduction, Capital Alliance Partners Limited in accordance with the Research Report compiled by
Managers to the Introduction in line with Rule 3.4.8. b (iii) of the CSE Listing Rules. A copy of the
Research Report is included as Annexure C of this Introductory Document.


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[nihal123Top contributor]

Laugfs Power Limited to enter stock market
October, 18, 2019

Laugfs Power Limited , the renewable energy subsidiary of Laugfs group, is to list its shares on the Diri Savi board of the Colombo Stock Exchange.

In a stock exchange filling recently, the company said that according to the listing documents filed with the CSE, the company plans to list 335,000,086 ordinary voting shares and 52,000,000 non-voting shares at  reference prices Rs.8.80 and Rs.6.90 per share respectively.

Laugfs Power Limited was incorporated in 2006 as a fully owned subsidiary of Laugfs Gas PLC for the purpose of creating a standalone entity to operate in the renewable energy space.

Laugfs Power Limited commissioned its first mini hydro power plant in Balangoda with a 0.5 MW capacity. Laugfs Power Limited presently has four 100 percent owned subsidiaries that are involved in power generation via solar and mini hydro sources.

After the commissioning of the first mini hydro power plant in 2014, LPL entered a stage of rapid growth and acquired Ginigathhena Thiniyagala Mini Hydro Power (Pvt) Ltd, Anorchi Lanka (Pvt) Ltd, Iris Eco Power Lanka (Pvt) Ltd and Pams Power (Pvt) Ltd in 2015.

With the exception of Pams Power (Pvt) Ltd, all other power plants commenced operations in FY2017. The Company, through its subsidiary Pams Power Lanka (Pvt) Ltd, is developing a 2MW mini hydro project which is expected to commence commercial operations in FY2020. This will increase the Group’s total capacity to 23.75 MW.

W K H Wegapitiya is the founder Chairman of LAUGFS Holdings Limited, the parent company of the LAUGFS Gas group in Sri Lanka, having its presence in a wide business spectrum, such as LPG distribution, Petroleum, Lubricants, Power generation, Property developments, Shipping, Heavy Engineering, Automobile services, Leisure and Restaurants, Consumer Retailing, Manufacturing of Salt, and Manufacturing of industrial solid tires.

He was appointed as the Executive Chairman and the Group CEO of LAUGFS Gas PLC at the time it was listed in the Colombo Stock Exchange in 2011.

As of now, Laugfs Holdings Limited owns 74.02% of shares of Laughs Power Limited. State-run private sector fund, Employees’ Provident Fund (EPF) as the second largest shareholder owns 17.28% of the shares of the company.

The listing is carried out according to a shareholder resolution passed in March 2018 to segregate the subsidiaries of LGL which are not related to its core business of liquefied petroleum gas...


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[slstockVeteran]

Now I see you guys are finding more news and information after my comment.

Check my comments in RED

මේ කොටස් පුද්ගලිකව දිලාතියන්නේ ඒවද ? ඒවායේ විකුනුම් මිල කීයද ?

Nihal, good question.


I might be wrong, but from what I recall Laugf power and  Eco Sri
was supposed to be listed at CSE as an Introduction for a long time.

As such, you correctly asked what is the introduction price?

I could not  find even a document announcing  this listing at CSE
when I checked.

Note :  Can you"ll find a  document at CSE saying  it
was going to be listed today and them giving a ref link to docs. Else how does
a normal person know until today  

If so this is very wrong and am not sure WHY CSE allowed this  without
enough public  info.  

Even if they propose an introduction price, it does not mean LPL value  is such.
Usually the first traded price of the day could be the introduction value
( am guessing only)

Okay , what I guess is the introduction price at Rs 8.8 .
Also if this is really valued at Rs 8.8 , why on earth is there crazy selling
at 30% less on first day. Something is not right here.


But we know how many introductions went wrong at CSE.
I really need to find atleast 1  latest financial document to understand
any valuation for this.

This is why I warned for sake of  CSE people who don't know even what LPL is.

[sereneTop contributor]

Thanks SLS , Ruwan and Nihal.

[nihal123Top contributor]

පුද්ගලිකව දෙනවිට, කියලා තියන ගානට වඩා අඩු මුදලකට දෙන්න පුලුවනිද?

වට්ටමක් වගේ දීලා....

නැත්නම් මෙහෙම අඩුවට දෙයි ද ?

[slstockVeteran]

පුද්ගලිකව දෙනවිට, කියලා තියන ගානට වඩා අඩු මුදලකට දෙන්න පුලුවනිද?

වට්ටමක්  වගේ දීලා....

නැත්නම් මෙහෙම අඩුවට දෙයි ද ?

This Rs 8.8 is for listing at CSE.  

The present holders would have been issued shares at cheaper than Rs 8.8.
So they are selling I presume.

This is how in the past some companies/people got to be bllionaires
dumping shares on public head.

I said in the above post there is something wrong with all this.

[slstockVeteran]

I think CSE people are reading this forum  

1) Look at the time  of the complaint ( 9.47 am) that no docs on
LPL are at CSE.

2) Look at the time , CSE have made the announcements on LPL public  
  - 11.49 am to 12.23pm Oct 30th

Remember we at the forum  are big shots hehehe (  just joking)

[nihal123Top contributor]

මේවා දැක්කම මට ඇතිවන ගැටලු

1.අද දවස තුල ගනදෙනු වු කොටස් ලක්‍ෂ 33 කට ආසන්න ප‍ර්මානය ගත් අය අන්ධ භක්තිකයන් ලෙස ද ගත්තේ ?

2. CSE  එක අඩුම තරමින් සමාගමේ මූලය්‍ය  තත්වය පිළිබඳ මිළදී ගන්නන් දැනුවත් කලයුතු නැද්ද?

3.ttps://cdn.cse.lk/pdf/upcoming_listing/LPL_Introductory_Document.pdf මෙහි 37 වෙනි පිටුවෙන් කියවෙන කොටස් උප බෙදීම කුමක්ද ?

*Subsequent to the segregation from LGL as mentioned in Section 4.5 – Objectives of the Listing and
in order to mirror the shareholding of LGL in LPL, the Board of Directors resolved to subdivide issued
fully paid Ordinary Voting Shares on 05 January 2018. The subdivision was carried out in the
proportion of 2.058511096 Ordinary Voting Shares for every one (1) Ordinary Voting Share in issue,
thereby increasing the Company Ordinary Voting Shares from 188,000,000 Ordinary Voting Shares to
387,000,086 Ordinary Voting Shares without effecting an increase in the Stated Capital of the
Company. Subsequently, on the same occasion, the Board of Directors resolved to reclassify
52,000,000 Ordinary Voting Shares as Ordinary Non-Voting Shares.
The above has been accomplished in accordance with the Companies Act and the Article five (5) of the
Articles of Association of the Company and was approved by the shareholder on 05 January 2018.

4. 8.80ට දිලා 2.058511096 න් වැඩි කලා කියලද?

[kavi84]

මට මතක විදිහට laughs gas ඒකෙන් ඉවත් කරපු සමාගම් ටික ‌ෙනේද ම‌ෙි. ඒතක‌ොට හිටපු ක‌ොටස් කරුවන්ට න‌ොමිල‌ේ ‌ෙ‌මම සමාගම් වල ක‌ොටස් දුන්නා වග‌ේ මතකයක් තියනවා.........

[slstockVeteran]

මට මතක විදිහට laughs gas ඒකෙන් ඉවත් කරපු සමාගම් ටික ‌ෙනේද ම‌ෙි. ඒතක‌ොට හිටපු ක‌ොටස් කරුවන්ට න‌ොමිල‌ේ ‌ෙ‌මම සමාගම් වල ක‌ොටස් දුන්නා වග‌ේ මතකයක් තියනවා.........

Now that you said it, I have vague memory too that these were removed from
laugf to list  individually.  We need to check.

I am still trying to find  how much these holders got these shares for.
Can't find a reference as of now.  If they got at zero ( by chance as you say)
they are selling in open market... god bless LPL.

( But I think about 75% of the shares are locked in so main holders can't sell.
 But there is around 25% which  still can be sold in market if they want to )

This introductory price at Rs 8.8 with a 30% loss in 1 day must
be one of the worst in history of CSE

[AdminAdmin]

Listing was announced before. All documents were available in the [Upcoming Listings] page.These shares were not allotted for cash.They were given to LGL holders in the same proportion they had LGL at the time of this allotment

[Topcat]

thanks admin.

[slstockVeteran]

I don't know all this but from  a normal visitor/investor side,  CSE should make thing straight forward to  find info when a share  has started trading shouldn't it?

1) When I checked under  LPL that morning ( around 9.45 am) , there were no documents listed under the share name . ( maybe it was located elsewhere)


2) Announcement were only issue later during the day after 11am  ( as mentioned )  under  normal CSE general announcements

3) Under LPL , later that day  when I clicked doc the links  , I could only open  the research report by CAL .  Other links  had XML error issue

All these issues need to be  organized better ,  specially when a share has started to trade.

At this forum , the LPL topic was opened by Ruwan  and warnings were given within the first hours of trading


LPL.N was trading around Rs 6.4 or something  
LPL.X was trading at 6.0

Specially asked not to touch LPL. X  - at that time it was Rs 6.0   
Now LPL.X is Rs 4.9

(  LPL.N stood ground around Rs 6 but LPL.X went down further to Rs 4.
Hope it saved someone from burning their fingers.

[Topcat]

At this forum , the LGL topic was opened by Ruwan  and warnings were given within the first hours of trading


LGL.N was trading around Rs 6.4 or something  
LGL.X was trading at 6.0

Specially asked not to touch LGL. X   ( at that time it was Rs 6.0)   
Now LGL.X is Rs 4.9
(  LGL.N stood ground around Rs 6 but LGL.X went down further to Rs 4.
Hope it saved someone from burning their fingers.

small correction. it should be lpl not lgl

[slstockVeteran]

Topcat


Thanks. Noted the inconsistent Typos to be fixed

[nihal123Top contributor]

LPL N000
රැ 1.00 ත් 50000 ක් දාලා නේ. මාත් රැ 1.00 ට කොටස් 1000ක් දාන්න බැලුවා. දාන්න බැ  එත කොට

Price Band

[AdminAdmin]

I don't know all this but from  a normal visitor/investor side,  CSE should make thing straight forward to  find info when a share  has started trading shouldn't it?

1) When I checked under  LPL that morning ( around 9.45 am) , there were no documents listed under the share name . ( maybe it was located elsewhere)

I agree with you.must be user friendly and easy to find.

same happened for mahaweli