Napier Port IPO

[RTM]

Great company and the best IPO for a long time, well done all holders.

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.

[Blue Skies]

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 ?

[kiora]

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

[Blue Skies]

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

Thanks Kiora, am just trying to work out if I've left it too late to get in, or if this time next year I'll regret it if I don't.
Just comparing it with POT, it has a PE of 110 V POT on 51. How does that work! (i.e. what explanation)

[Sgt Pepper]

Thanks Kiora, am just trying to work out if I've left it too late to get in, or if this time next year I'll regret it if I don't.
Just comparing it with POT, it has a PE of 110 V POT on 51. How does that work! (i.e. what explanation)

Dont forget it is possible Port Otago will decide to list next year

[macduffy]

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 ?

I would think that a large part of it is due to the bullish market conditions since the IPO. That, and a bit of enthusiasm for port stocks generally, kindled by talk of moving POT, not that Napier will benefit directly from that!

[peat]

MacDuff, did you mean moving 'POA' ?

[macduffy]

MacDuff, did you mean moving 'POA' ?

Yes, indeed!

Must be showing my long-felt regret of never buying POT!

[Balance]

---$4.00---

Makes MMH an absolute bargain at $7

[kiora]

Its really like just winning lottery.A game of chance.Must be in to win !