Simply Amazing
. What started off as an experiment to run away from sify forums is now creating full time jobs and careers. In 2002 , i used to think PG should have accepted MDI offer but now i realized i was wrong. Great Job PG. This is the future:
PAGALGUY lists on BSE ; Handsome returns for investors on day One October 18, 2018 Our Bureau-Mumbai
Pagalguy Corporation today listed with a bang on Bombay Stock Exchange. The share which was offered in price band of Rs 85-105 listed at 76% premium at Rs 184.80. During Afternoon trading sessions, the share zoomed to all time high of Rs 217.65, giving investors an extraordinary return of 107 % on day one. However selling pressure specially from FII's came during closing hours and share closed at Rs 190. Based on yesterday closing price Pagalguy is valued at staggering $ 3.2 billion.
So what exactly is Pagalguy Corporation and what it do? We are worldwide leaders in web media business. We have tied up with worlds top 100 Business schools and many other leading international universities to broadcast their events through our dedicated sites. We are number 1 forums in world have membership base of 11.2 million.Every minute, 2904 Pagalguy logs on to our education forums to discuss maths, english, GMAT, politics or simply chit chat with other friends.
Says Allwyn, Global CEO of pagalguy.com we closed 2017-2018 financial year with $ 450 million. We are expecting yoy growth of 25% for the next 5 years. We already have offices in 27 countries. We are using IPO money to grow our business in Australia, New Zealand and south America. This fiscal third quater we will be starting with our first residential school in Goa. More schools will come up in various cities in next 3 years.
Says, ABC of smile securities: Pagalguy corporation is trading at P/E multiple of 13. This is discounted price if you compare with peers like career launcher (Trading at P/E of 27) or educomp Solutions trading at multiple of 29. We are highly impressed with PG team. The way it has grown over past three years excites us. Its not only leading education company in India but it sales team is strong in US and europe. In US, PG have cornered 58% market share for classrom and correspondence based GMAT studies. In online tutoring market, PG is number 1 with 34% market share.
The future is extremely bright for PG. Says XYZ, Worldwide head (Sales and Marketing), Pagalguy Corporation we started our consulting practice 3 years ago. Today consulting delivers 26% to our bottomline. In coming years, this figure is expected to shoot to around 40%. Strategic consulting advice in areas of operations, student services, marketing, curriculum development are delivered to worldwide educational institutions. Consulting business also delivers higher operating margins in the range of around 25%. This makes sure that PG have cash reserves to make acquistions.
We feel that investors should purchase pagalguy stocks even at current levels. A decent return of 30% can be expected from the current levels withing 6 months time frame.
Only time will tell the future of investment in PG but one thing is sure, 8 storeyed marvellous PG building at Andheri east is partying.
PS: Sorry if i posted in wrong forum, but couldnt resist after reading that PG is hiring young ignited minds to fuel growth. Surprisingly IIM-A rejected PG in CAT 2001. Strange things do happen
.
Warm Regards,
Akhil.
Linear Mode
