Tegel IPO

[trader_jackson]

This is brilliant

http://www.theaustralian.com.au/busi...32a46d71f1e6c3

"Morningstar told clients to shun the up to $1.1 billion float, deterred by the price and lack of competitive advantages"

What is interesting is that Inghams is being sold at a lower PE than Tegel... and they still think the price it is to high...

[winner69]

http://www.theaustralian.com.au/busi...32a46d71f1e6c3

"Morningstar told clients to shun the up to $1.1 billion float, deterred by the price and lack of competitive advantages"

What is interesting is that Inghams is being sold at a lower PE than Tegel... and they still think the price it is to high...

That article was a load of drivel

[Balance]

http://www.theaustralian.com.au/busi...32a46d71f1e6c3

"Morningstar told clients to shun the up to $1.1 billion float, deterred by the price and lack of competitive advantages"

What is interesting is that Inghams is being sold at a lower PE than Tegel... and they still think the price it is to high...

Ingham being offered on prospective range of 13.5X to 15.5X FY June 2017 NPAT.

TGH was sold to investors on PER of 12.5X FY April 2017 NPAT.

Watching with interest.

[trader_jackson]

Rumor has it Inghams has been repriced at 12.0 forecast net profit or $3.15 a share, which is lower than what TGH was sold to investors at.

"STREET TALK Nov 2 2016 at 8:06 AM Updated 1 hr ago
Inghams initial public offering repriced to 12 times
Inghams initial public offering has been repriced, fund manager sources told Street Talk on Wednesday morning. It's understood the deal was covered at 13.5 times forecast net profit, however private equity owner TPG is seeking to ensure a strong aftermarket. The institutional bookbuild will open on Wednesday at a fixed price equating to 12 times forecast net profit or $3.15 a share"

http://www.afr.com/street-talk/ingha...0161101-gsfv89

[Balance]

http://www.theaustralian.com.au/busi...aeb3537bfbc7a9

[macduffy]

It's paywalled, Balance.

Give us a clue?

[Balance]

It's paywalled, Balance.

Give us a clue?

Strange - article was not paywalled when I read it.

Apparently fund managers have been talking about repricing the IPO at the beginning of the week but nothing has happened as far as I can read.

[Joshuatree]

I'm reading $3.15 and that vendors are now keeping 60% of stock rather than selling up to 70%. FF div 5.7%

[Balance]

I'm reading $3.15 and that vendors are now keeping 60% of stock rather than selling up to 70%. FF div 5.7%

Latest headline is that TPG has had its wings clipped on Ingham.

[JeremyALD]

Rumor has it Inghams has been repriced at 12.0 forecast net profit or $3.15 a share, which is lower than what TGH was sold to investors at.

"STREET TALK Nov 2 2016 at 8:06 AM Updated 1 hr ago
Inghams initial public offering repriced to 12 times
Inghams initial public offering has been repriced, fund manager sources told Street Talk on Wednesday morning. It's understood the deal was covered at 13.5 times forecast net profit, however private equity owner TPG is seeking to ensure a strong aftermarket. The institutional bookbuild will open on Wednesday at a fixed price equating to 12 times forecast net profit or $3.15 a share"

http://www.afr.com/street-talk/ingha...0161101-gsfv89

Who has stronger growth opportunities. Inghams or Tegel?