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.

What will be the new TPafter tonight annoucement?

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.

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.

If integrate successful... Eps likely to be >4c?

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.