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98.0¢ kina securities limited

PM's visit to PNG, page-33

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DaceC

568 Posts.

105

07/12/20

09:47

Post #: 49384288
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Originally posted by DaceC: ↑

i understand this direct from snr Morgans guy, who like me is well invested in KSL.
1. Business is good. Earnings are growing
2. Cap raise was in anticipation of sale of Westpac Fiji and PNG business, and KSL,'s interest in PNG bus
3. KSL is run hy ex WBC bankers, who know all WBC's major PNG bus customers
4. KSL was interested in budding for the PBG but not Fiji business
5. KSL plan was to essentially seek to buybthe PBG business "cheap", or otherwise poach it
6. Either way, add'l equity was reqd to meet capital requirements... whether in acq'n of, or poaching the best of the WBC PNG business.
7. In absence of new business, the EPS should still be similar to LY, despite the raising and new shares, as the income is growing
8. If successful in acquiring new business, it is immediately EPS accretive.
9. We all await next dividend announcement likely in late Feb21. That should demonstrate that the Earnings are there, and growing, and the re-rate should be in... as the div yield will be stupidly high.

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Aaaaaand... now I'm feeling like the Oracle. And I have great faith in my Advisor at Morgans. Giddy Up.

KSL Price at posting: 82.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 98.0¢		Change -0.010(1.01%)		Mkt cap ! $281.6M

Open	High	Low	Value	Volume
$1.00	$1.00	98.0¢	$357.2K	358.4K

Buyers (Bids)

No.	Vol.	Price($)
1	3755	98.0¢

Sellers (Offers)

Price($)	Vol.	No.
$1.00	80762	2

View Market Depth

No.	Vol.	Price($)
1	3755	0.980
1	35000	0.965
1	540	0.960
5	68020	0.950
2	902	0.945

Price($)	Vol.	No.
1.000	80762	2
1.020	3000	1
1.040	122000	2
1.050	25385	2
1.055	50000	1

Last trade - 16.10pm 14/08/2024 (20 minute delay)

KSL (ASX) Chart