quote:
Originally posted by KJ
Quote:
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. :D 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.