Remember all the doom and gloom around IPO time with respect to log prices and logs to China via Russia ? Etc etc ?
Pleased I stuck to my guns and got what I could....as always...wish it was more.
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Apart from the obvious the IPO price was set too low, why is the SP now approx 30% above the IPO when the NPAT is only 3.2% above forecast, & is it deserved ?
IPO was not obviously set too low.I came close to not taking any up.I would suggest its just the period we are in.
Compare it to IPO of gentaliers.How long will it all last?Maybe a long time
FOMO seems to be driving up all stock valuations lately.Particularly high Q stocks.Just look at FPH ???
https://finance.yahoo.com/news/billi...130538369.html
MacDuff, did you mean moving 'POA' ?
Its really like just winning lottery.A game of chance.Must be in to win !
Actually it feels like winning the lottery day after day after day.
The problem is lacking of shares available.... half owned by council... quarter owned by iwi..local and employees... fundies....so that why the SP goes up . ...high demand low supply....they might split the shares in 2 or 4
Up another 7% it madness. Surely more to do with constrained supply than fundamentals.
the council will be kicking themselves for letting it go so cheap, even if the list price did reflect the actual worth.
Jeepers, with it's geographical constraints on growth (area served) & dependence on continued strong demand for logs from China (product mix) , making POT look like a bargain ?