dont think IPH will go up 30% on listing though. 10% possible, no more than this, as their australian business is not growth. 10% will get its p/e to 15 times plus which is adequate for a company growing less than 10% per annum. highly doubt market will allow 30% stag in current enviro.
IPH overall growth rate is a lot less than APN outdoor. APN outdoor has 10% consistent revenue growth for 3 years. But agree IPH is a safer stock than APN which is exposed to advertising. and ditto goes for medibank. so if u are risk averse, best to stay clear of APN and wait medibank and hopefully a retail discount price!
