No sharp spike of BTCL share price seen
Friday, February 05, 2016
Shares usually have a higher chance of rising post listing if the IPO offer price is significantly below the underlying valuation of the company’s shares, which is based on profit and assets growth forecasts as well as goodwill. In a market commentary, analysts at consultancy firm, Econsult say that although the calculation show a value of about P1.26, the limited marketability of the shares as well as government control marks the share price further down.
“Valuing BTCL at the median price/earnings ratio on the BSE would give a valuation of around P1.26 per share. But a discount must be applied to this valuation, given continued government control and limited marketability of the shares. “Hence the underlying valuation of the BTCL shares is probably not far from the IPO price.
The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...