SKE 0.00% $1.64 skilled group limited

no goodwill, page-16

  1. 16,517 Posts.
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    "SKE used to trade at multiples of PRG not at a discount ."

    SKE is still at a premium to PRG (circa 30% premium), if you adjust for the differing levels of gearing in the two companies.

    Anyone hoping for much more upside from SKE is effectively hoping for PRG board to offer a premium on top of an existing premium.

    I'm not saying it will never happen; it could. But it would require the PRG board to behave in a somewhat undisciplined manner, and I'm not sure I like the invest on the basis of that sort of likelihood.
 
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