[chymex]

Originally Posted by hispy99

Let me put it this way, if the coy makes a PAT of N1B, (which I doubt very much) you are looking @ a PE of 50 at N1.75.

I also hope you know that the original PP was done @ N0.85 or was it N0.95 for N2 par value. So people that bought at PP price are getting 4 shares for N0.85, meaning what you are paying N1.75 for, they paid roughly N0.22 or so. So imagine the selling pressure that will be unleashed when the company's shares are listed

IAA PP was at N2.10 for N2 par value.