GXL closed today up 20C at $7.24 and a PE of 20+
Based on my calculation 2 days ago depending on how the market sees NVL a valuation of $1.55 to $1.95 is possible. That doesn't mean we will get a price precisely in that range. It could open say $1.25 - $1.30 or if the market goes crazy about it, it may open at $2+ who knows. All we have are the known facts that it is 4 times over subscribed and it was extremely sort after
As I say always, Market will decide tomorrow at 11AM what its worth is!!!! but
Having the following Occurrences since Tue
1. GXL's blazing results on Tue and
2. having GXL gone up since then from $5.74 to to today's $7.24 and
3.having almost completed all of the clinics acquisitions before it listed and
4.Having the same management team that grew GXL in the NVL team now and
5.pet care being a hot sort after sector and a growing one too and the IPO was very heavily over subscribed
I believe it is a No Brainer.
Please add your comments to my line of thinking on NVL. My gut feeling of letting TPE go today was vindicate after it closed at $3.90 from a listing Price of $4.75, something told me from my Gut that it's not right, so I said No to TPE. But at $3.90 its an absolute shocker, mind you its a good stock for any patient investor in the medium to long term. Cheers.
