With a 6% price drop on first day to $0.73, at some point this must be worth investing some money into it. Back of envelope calculation shows forecasted 10% yield for first year at around $0.638 but it might be a bridge too far. 9% yield around $0.71? Of course if Queen Mary is an issue that requires $250 mil capex, then the problem is larger than a valuation issue.
I will come in support at 60cent
IPO 78 cents. Now 70 cents . Drop so much!
Reply to @Yongwl : so jialet ! must well scrap off !
With a 6% price drop on first day to $0.73, at some point this must be worth investing some money into it. Back of envelope calculation shows forecasted 10% yield for first year at around $0.638 but it might be a bridge too far. 9% yield around $0.71? Of course if Queen Mary is an issue that requires $250 mil capex, then the problem is larger than a valuation issue.