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Hi, can anyone ps tell how profitable bagco ipo can be? do u think it will be a very good buy and also that of afribank some say that the price is too high that there is the tendency that it wont go far. some said the price was only increased cos of the ipo thing that immidiately after might crumble. what do u think pls? any one there to help?
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Quote:
I think Bagco PO is also fairly expensive BUT it will still be a money spinner. This is becuase it is going to be listed for the first time and I expect sentiments to drive up the price. Based on their projections, the PE ratio I believe is around 23 even for full year 2008 and the new shares may not be entitled to dividends or bonus for that year. However, I will recommend a buy because of the sentiments that come with good new listings (Not like Transcorp!)
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