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Hexadecimal's Comments

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2. Hexadecimal  Jun 15, 2017 10:02:29 PM IST Reply

Globe Textiles (India) Limited IPO

Inventory and debtors (receivables) both are at reasonable level and better than industry norms. Those who are having medium term view say 3 to 6 months have not to worry at all. Those who market well could sell even pricier issue than Globe with multiple times subscription. The company is not comparable with Jalan or Laxmi Cotsyn. It is better on various metrics.
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2.2. MASTAR  Jun 18, 2017 11:09:51 AM IST
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2.3. Prabhakaran Kuppusamy  Jun 23, 2017 11:35:37 AM IST

Globe Textiles (India) Limited IPO

Hi Hexa,
How could you say that Globe is better than Laxmi?
I have put all the numbers in my analysis.
Globe cannot even has a single positive point (when compared with Laxmi).
If you have any numbers/justification, please provide here.
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1. Hexadecimal  Jun 23, 2017 9:02:40 AM IST Reply

Globe Textiles (India) Limited IPO

The issue is at PE multiple of 15 against its peers trading at on average PE multiple of 20+. Hence do not worry about listing gain or loss, if u r a medium to long term investor. The stock will start performing better when it changes from weak hands to strong hands. As we all know market price is slave to the earning, the share price will increase in future based on its earning. Many times, to manipulate subscription and listing price, merchant bankers and companies themselves activate grey market by greasing operators based at Ahemdabad, Rajkot, Jaipur, Kolkata. So if a scrip having premium in grey market does not become good stock automatically. In many previous issues, we have seen that despite handsome grey market premium, it did not done well, neither short term nor long term because of fundamentals. Hence do ur own analysis before investing be it primary market or secondary market. Have a great day.
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3.1. STOCKT  Jun 23, 2017 11:28:56 AM IST

Globe Textiles (India) Limited IPO

flop show. at one point it was available at 44 rs.
no need to apply in bad sme and get ur money stuck.
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3.2. Prabhakaran Kuppusamy  Jun 23, 2017 11:32:10 AM IST

Globe Textiles (India) Limited IPO

I think LaxmiCot is trading below PE of 8.
Why should someone buy Globe trading at PE of 15?
Laxmi seems to be a better candidate in this industry.
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