Moderator: 3ne2nr Mods
SAUCEAn estimated PE of 20 would mean that TTNGL is tremendously overpriced and would present little short to medium term value for potential investors.
In other words, at an estimated PE of 20, TTNGL is not likely to be oversubscribed and unlikely to provide investors with the type of bounce that FCB did.
What’s more is that while NEL, UTC and NIB were in the market to buy FCB shares, those institutions already have stakes in Phoenix Park, by virtue of their acquisition of the 10 per cent of PPGPL held by Pan West in November last year.
While there is merit in using the complete 2014 results, by NGC’s own admission, product prices in 2015 are likely to be “at least” 45 per cent less than 2014.
That admission, in my view, means that using the 2014 results may present a misleading estimate of TTNGL’s value.
Of course, if NGC were to publish PPGPL and TTNGL’s second quarter results (for the period ending June 30, 2015) potential investors would have a better sense of whether using the 2014 results to come up with a PE estimate is even advisable.
JMG wrote:snatman wrote:
Internationally, the US is laying out a plan to cut Co2 emissions by 25-28% and the only viable solution that I see would be for them to switch their "Coal" fueled electric plants over to natural gas. Yes the US has a vast supply of natural gas reserves but history will show that they would rather purchase from the global market before taping into their reserves.
[/color]
pugboy wrote:some of you guys seem very positive in the face of direct factual negative info
do you guys have other investments in local stockex ?
if not why not invest in a solid company like witco which pays
good dividends, has increasing profits and captive market for its goods
I think a lot of ppl clouded into thinking that this gonna have a big jump like fcb
neilsingh100 wrote:Hearing from multiple sources Ministry of Finance taking long to pay bills, something is up.
snatman wrote:Bourse gives a reserved assessment of the IPO
TL/DR - IPO is evenly priced. $22-$28 twelve month target
DVSTT wrote:News said the IPO is under subscribed.
Minister said they're planning I 4 other IPOs though so that's something to look forward to.
PapaC wrote:But we knew that the IPO was ill timed. They should have expected this kind of response, especially with the election season. Early this year I was being told that they wanted to do it before the August vacation, seems like they went against their own advice.
PapaC wrote:But we knew that the IPO was ill timed. They should have expected this kind of response, especially with the election season. Early this year I was being told that they wanted to do it before the August vacation, seems like they went against their own advice.
Redman wrote:Its bloody stupid to allow the POLITICIANS to decide what we IPO ing and when we doing it.
If the policy is to divest....higher the Investment bankers and let them make their recommendations...
So here we are...IPO floundering,opportunity missed,money spent (hard not to correlate the political benefits of the ad campaign...which was really good).
Return to “Ole talk and more Ole talk”
Users browsing this forum: Google Adsense [Bot] and 188 guests