quote:
Originally posted by KJ
quote:
Originally posted by Treetops
The fear is gone for now. Lets hope it happens again and we can profit once more from the ignorance of others.
Warrants still lagging but creeping up. The bargains are nearly gone.
Not sure whether it is ignorance or caution.
When you look at KFL, 67% of its investments are tied up in RYM,MFT,MET,PPL,& RAK with approx PE's of 30,20,24,24,& 53 respectively.
Sure, forward PE is what is important so a rough stab:
RYM-20% profit growth so PE reduces to say 24-still quite high.
MFT-maybe similar so a f'ward PE of 16
MET-20% profit growth so F'ward PE of 19.
PPL-maybe no growth so f'ward PE of 24
RAK-hard to predict with US dollar but requires a couple of yrs of doubling NPAT.
To be honest I got out a little while back and would not look to get back in. NAV is back to where it was at beginning of January and the Warrants have only 9 mths to run.
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