PPGPL IPO...

Redman · Postby **Redman** » July 29th, 2015, 11:43 am

Like that makes a difference.

There will be sufficient pent up demand to run the stock to 25 easily.
The will price it like they priced FCB...low...they need this to work

Its a lopsided event...I would bet the hog.

snatman · Postby **snatman** » July 29th, 2015, 11:57 am

you believe the big buyers will subscribe If it comes to market with a PE over 15?

First's PE was under 9

Redman wrote:Like that makes a difference.

There will be sufficient pent up demand to run the stock to 25 easily.
The will price it like they priced FCB...low...they need this to work

Its a lopsided event...I would bet the hog.

DVSTT · Postby **DVSTT** » July 29th, 2015, 3:11 pm

What's PE?

Redman · Postby **Redman** » July 29th, 2015, 4:08 pm

Price Earnings ratio.

Snat-I think the underwriters of the IPO will price it to pop....the shortage of returns for the institutional virtually guarantees that they will buy as much as they can on the ipo

bluefete · Postby **bluefete** » July 29th, 2015, 4:12 pm

Eagle wrote:My info is that this being an election year and to provide extra goodies for the electorate hence the reason for the IPO at this time. Additionally the share may be under price at $20 per share which is good especially if u are aware of what took place with FCB IPO in 2013.
I had a broker as a guest lecture and he said the week ,around July 13 he expect it to be ready

THIS! Well done, eagle. You were right on the button.

DVSTT · Postby **DVSTT** » July 29th, 2015, 5:23 pm

Redman wrote:Price Earnings ratio.

Snat-I think the underwriters of the IPO will price it to pop....the shortage of returns for the institutional virtually guarantees that they will buy as much as they can on the ipo

Thank you.

I think we should all expect another over subscription and subsequent rationing of shares, just like what took place with FCB, unless you're an NGC employee, in which case you're entitled to 5000 shares ( I think).

On a separate note, do you all think that someone will make another 12 million off this ipo like Rahaman did with the FCB ipo?

Redman · Postby **Redman** » July 29th, 2015, 5:27 pm

Probably...this time they wouldn't sell in such a dumb way

snatman · Postby **snatman** » August 4th, 2015, 8:43 am

any sightings of the prospectus in the wild?

DVSTT · Postby **DVSTT** » August 6th, 2015, 4:51 pm

Anyone have an idea of what their dividends pay would be like ?

snatman · Postby **snatman** » August 7th, 2015, 1:01 pm

DVSTT wrote:Anyone have an idea of what their dividends pay would be like ?

I've read that it will be 4%
Still no sign of the prospectus :evil:

DVSTT · Postby **DVSTT** » August 9th, 2015, 9:25 pm

Heard the prospectus is due next week

Trinislacker · Postby **Trinislacker** » August 10th, 2015, 6:51 am

Midday today

pugboy · Postby **pugboy** » August 10th, 2015, 7:11 am

so what does the public think about investing in this company
when the govt is using it(ngc) as a slush fund ?

rayrayray · Postby **rayrayray** » August 10th, 2015, 8:35 am

Who are the brokers ?

PariaMan · Postby **PariaMan** » August 10th, 2015, 11:44 am

http://www.bourseinvestment.com/content ... ressed.pdf

snatman · Postby **snatman** » August 10th, 2015, 1:15 pm

are my amateur eyes reading this right?

going by the 24cent TT 1stQ EPS
are we to assume a PE of OVER 20???
It might even be closer to 30 if energy prices continue downwards

there's no upside there....

come in experts

rayrayray · Postby **rayrayray** » August 10th, 2015, 1:48 pm

Thanks bro

neilsingh100 · Postby **neilsingh100** » August 10th, 2015, 3:31 pm

Have to admit PPGPL performance over the last three years was not good.

Profit after tax decreased by 50% and they incurred an impairment loss of over one billion dollars in 2014.

Based on 2015 Q1 earnings the P/E is over 20 and dividend yield is around 5% so limited upside and plenty of downside risk with oil prices below US$45 and shale gas.

Find it hard to understand why government would offer an IPO in a company that has been on the decline.

Country_Bookie · Postby **Country_Bookie** » August 10th, 2015, 3:43 pm

^Govt could offer whatever they want for sale. Obviously dey think enough ppl will want to buy it. If not, then they just end up like Stallion.
If u don't think it's a good buy; don't buy it. Look for something else internationally to buy.

rayrayray · Postby **rayrayray** » August 10th, 2015, 3:47 pm

What took place with stallion ? They made full subscription ?

snatman · Postby **snatman** » August 10th, 2015, 3:49 pm

rayrayray wrote:What took place with stallion ? They made full subscription ?

nope, it was aborted, no investor interest.

TTNGL might suffer the same fate, if my amateur financial readings hold up

rayrayray · Postby **rayrayray** » August 10th, 2015, 3:50 pm

Just looked it up .....it bussssssss !!!!! Smh ...all moneys was returned to people who purchased

rayrayray · Postby **rayrayray** » August 10th, 2015, 3:52 pm

Thanks for the reply ...following this thread ...a bit amateur myself ...due diligence helps ..

neilsingh100 · Postby **neilsingh100** » August 10th, 2015, 4:05 pm

In the prospectus, the carrying value of TTNGL was written down to $2,685,745 million and they are offering to the public 49% of TTNGL (i.e. 2,685,745 x 49% = 1.3 billion).

The IPO is for 75,852,000 class B shares at TT$20 per share or 1.517 billion so the public is paying a 15% premium over what the shares are worth according to the prospectus.

Hope the investing public is aware that this is no FCB.

pugboy · Postby **pugboy** » August 10th, 2015, 4:07 pm

ppgpl ipo was initiated before energy prices went down
so the local hype esp with fcb was very much alive

always invest what you can afford to lose
unless you know/have some insider privileges like mr rahman

snatman · Postby **snatman** » August 10th, 2015, 4:17 pm

FCB shares were deliberately priced below value to encourage investment.

TTNGL appears to be priced above fair value, really the price should be around $10-$12 to attract some kind of demand...

unless I'm missing something, this thing buss before it start!!

Lewwe hope the brokers advise investors properly

JMG · Postby **JMG** » August 10th, 2015, 6:22 pm

neilsingh100 wrote:In the prospectus, the carrying value of TTNGL was written down to $2,685,745 million and they are offering to the public 49% of TTNGL (i.e. 2,685,745 x 49% = 1.3 billion).

The IPO is for 75,852,000 class B shares at TT$20 per share or 1.517 billion so the public is paying a 15% premium over what the shares are worth according to the prospectus.

Hope the investing public is aware that this is no FCB.

Where did you get those figures from because I'm seeing something different in the prospectus?

neilsingh100 · Postby **neilsingh100** » August 10th, 2015, 6:27 pm

Check page 136 in the prospectus under the section "Summary Balance Sheet Discussion"

JMG · Postby **JMG** » August 10th, 2015, 7:28 pm

neilsingh100 wrote:Check page 136 in the prospectus under the section "Summary Balance Sheet Discussion"

Okay I'm seeing it now. I'm no expert in finance, but they had to use a point of reference for valuation (Dec 31 2014). From then to (Mar 31 2015) natural gas prices are down something like 20%. That's the nature of the energy sector. What I'd say is worth discussion is whether the future outlook would be positive. An increase in the commodity price between now and year's end, could see the potential for huge capital growth. Its worth noting too that there may be a greater demand during the winter time that could drive global natural gas prices up. What you think?

NR8 · Postby **NR8** » August 10th, 2015, 10:34 pm

Do you guys think the timing being so close to a general election would dampen (knowledgeable) investors' confidence in this IPO and possibly even lead to under subscription? Plenty potential for bobol like FCB again I mean. There was a lott of people at the First Citizens brokerage firm today though. I think many might be getting carried away with the belief that this may be another FCB.