Quote Originally Posted by peat View Post
The total number of Shares on issue at Completion will be 100.9 millionand all Shares on issue will rank equally with each other.
so a 4 month estimated profit of 1.2 mill as per page 21 of the prospectus so thats about 1.2 cents every four months. 3.6c annualised, so thats a PE of about 100.

I always hate it when companies talk about the size of the sector they are entering as if that is a positive and as if it is relevant. Just because other people are selling widgets, or in this case originating loans, doesn't mean you can.
A prospective PE of 100 in this sell down would suggest that the ideal time to get into this investment was earlier in the business development process when the capital invested was at a somewhat less lofty prospective PE ratio. Oh wait I did that. Heartland was in at the beginning and I am a Heartland shareholder! I think this float will be good for Heartland shareholders, once those Harmoney share escrow provisions expire.

SNOOPY