Agree with you Pete and think this sell-off is over done. Going off the last NTA report we should be sitting at an NTA of $1.60 right now ($1.80 fully diluted - 20c dividend) plus any gains that have occurred in the mean time.
I agree with some of the concerns about valuations and there is definitely some uncertainty there. However, I believe this has been more than priced in. Furthermore, floating JB at 14.9x earnings is well below peer comparables and I believe that this valuation is quite conservative.
Instead of selling HMLs holding in JB at the IPO price I believe Stuart's play here is to allow holders to enjoy the stag profits from JB through the in-specie distribution. Obviously the stag of the IPO is not a given but I think we should all give Stuart more credit and follow his judgement on this one. He has not led us astray to date.
- Forums
- ASX - By Stock
- HML
- Reports
Reports, page-17
-
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HML (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
Previous Video
Next Video
SPONSORED BY The Market Online