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35.5¢ dshe holdings limited

IPO Price, page-2

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bensterz

1,787 Posts.

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31/03/16

12:33

Post #: 17390856
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Originally posted by Punishment ↑

In the future,equity value should be reflected in IPO price.
IMO,the IPO prices of all companies except companies hold important new IP or new technolodge,produce or sell good new product and on the growth, should be less than 2 times of equity value.
In this base,the maxium IPO price of DSH should have been $1.19/share
$116.5m x 2=$233m
$233m x 80%=$186.4m
$186.4m÷156.6m shares= $1.19/ share
But if I was a buyer, I might have bought $0.595/share(the same as equity value)

IMO,reasonable IPO price is the less value calculated by the below two methods.
1)NPAT x 10 x IPO ratio ÷ IPO shares
Ex:$40m x 10 x 0.8 ÷ 156.6m shares=$2.04/share
2)Equity x 2 x IPO ratio ÷ IPO shares
Ex:$116.5m x 2 x 0.8÷ 156.6m shares =$1.19/share

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Nonsense. How would placing a ceiling on the value of IPO prices prevent the corporate collapse DSH experienced three years after listing?

DSH Price at posting: 35.5¢ Sentiment: None Disclosure: Not Held
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