Here it is fellas. Backed by Qatar Government and Alzazeera and look at the PE of 10.8 compared to Oh Media and APN Out Door for 2016 Forward PE and run by Barclay Nettlefold apparently he has massive following in this game,
so what do you think will happen to this float with these facts. For me its a no Brainer. As usual the problem would be getting a decent amount. Cheers.
Baillieu Holst to lead $165 million QMS float
Apr 23 2015 at 8:35 AM Updated Apr 23 2015 at 8:48 AM Sarah Thompson , Anthony Macdonald , Jake Mitchell
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Outdoor advertising group QMS Media has appointed Baillieu Holst as lead manager for a run at the ASX boards, valuing the company at $165 million.
As revealed by Street Talk, QMS, a Qatar government-backed media company, is spinning out its digital outdoor advertising assets in Australia.
QMS is looking to raise $85 million at 80¢ a share, reflecting a multiple of 10.8 times forecast net profit for fiscal year 2016. Chief executive Barclay Nettlefold and chief financial officer Peter Cargin will present to investors next week.
Bids are due by 4pm eastern standard time on April 30.
QMS' listing aspirations come after successful floats of larger rivals APN Outdoor and oOh!Media.
APN Outdoor is trading around 18.7 times net profit, while oOh!Media is trading around 25.6 times
