Nordic Group

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9 years 2 months ago #21894 by gangho
Replied by gangho on topic Nordic Group

Bestworld wrote: What is the target price?


20c so that it can meet the new SGX rule? At 20c, it is just a mere PE10 and should be achievable for Nordic that has been growing and giving out div, at increasing rate.

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9 years 2 months ago #21896 by Bestworld
Replied by Bestworld on topic Nordic Group
What will be the new TPafter tonight annoucement?

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9 years 2 months ago #21897 by yeng
Replied by yeng on topic Nordic Group
The proposed acquisition of Austin Energy would have doubled Nordic's EPS in 2014. Remarkable. Analysed another way, the PE of acquisition price is about 3.3X, not improbable for a private micro-cap company. However, the question remains, is the earnings of Austin sustainable in 2015? We can only wait & see.

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9 years 2 months ago #21909 by gangho
Replied by gangho on topic Nordic Group

yeng wrote: The proposed acquisition of Austin Energy would have doubled Nordic's EPS in 2014. Remarkable. Analysed another way, the PE of acquisition price is about 3.3X, not improbable for a private micro-cap company. However, the question remains, is the earnings of Austin sustainable in 2015? We can only wait & see.

Buying Austin and let it operate as it is probably meaningless. I guess what the mgt tries to achieve here is to integrate Austin with Multiheight and leverage on their synergies for growth.

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9 years 2 months ago #21923 by Bestworld
Replied by Bestworld on topic Nordic Group
If integrate successful... Eps likely to be >4c?

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9 years 2 months ago #21928 by lotustpsll
Replied by lotustpsll on topic Nordic Group
Report by Chan Teik is interesting.

Purchase of Austin Energy, if successful, will be a key catalyst to raise significantly the profitability of the Group. Even without this purchase, Nordic's business model is moving positively.

Am keen to include Nordic in my portfolio.

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