Quote Originally Posted by Hoop View Post
Hmmm... without the propectus (due to get registered today I think) the book build at the high end suggests demand,,so it will be keenly sought after.
Fairfax have cleaned out the cupboards with a generous dividend to themselves (maybe equivalent to 50c/s div)..so no family silver left for the future shareholders.
Without much data and working on deductions which could be totally wrong...a back of the envelope approx calculation by me suggests
about 400M shares issued.. one third of which is to go public = 135M shares
Profit 69.7M / 400M shares = Earnings / share = 17.4c/s
PE 15.5 @ share price $2.70
Dividend 17.4c/s lets say they pay out 70% = 12c/s === 4.5% yield.

so I would have these figures in mind before I get to see the Propectus......Its priced about right...so atm using rough figures it doesn't seem to offer any stag potential..does it?

Feel free to correct my deduced figures if in error...or have exact figures

EDIT: update ...134.6M shares to be floated representing 34% of total issued
http://www.nzherald.co.nz/business/n...ectid=10764598
When it comes to valuing IT companies, NZ investors have as much clue as Winston Peters does about the word "No".