Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Aguytrying wrote:http://www.businessdailyafrica....0/-/tmc8kyz/-/index.htmlhttp://www.standardmedia.co.ke/...ring-at-sh9-50-per-shareOn post #20 i used 212,500,000 shares. My source was the annual report. Ive changed this to reflect the 194,600,000 that will be issued and fully paid for post the offer. Im using 194,600,000 as the shares for all calculations. And IPO price at 9.50 FY 2013. PAT- kshs 262.26 million EPS- 1.35 P/E- 7.04 NAV- 3.76 P/B- 2.52 FY 2012. PAT- Kshs 84.8 million EPS- 0.45 PE- 21.34 NAV- 2.53 P/B- 3.75 Im now wondering how they got from 212,500,000 to 194,600,000 shares.I think this one will rock, what do others feel?? @Aguy, the 212,500,000 are the authorised shares while the 194,625,000 will be the issued and fully paid up shares following the IPO. Am finding sentiments favouring this IPO. The 4 months performance to 30th April 2014 have a PAT of Kes. 59.359M which when annualized is Kes. 178.077M, EPS Kes. 0.91, P/E 10.38X. That annualized PAT is a 32% y/y decline and hence calling for a profit warning which the market may not like. However, if you ask me, this will be a good performance considering the one off bad debt recovery in 2013 and everything. I may speculate.
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