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08-03-2011, 01:28 PM
Has anyone looked into the prospectus of the soon-to-be-listed HPH Trust and is able to share the relative valuation of HPH's port assets based on the usual valuation yardsticks, like P/B, PER, or Price-to-Cash-Flow Ratio? I thought it will be useful to use HPH's IPO valuation yardsticks to compare with Portek's current market valuation.
Based on the last done share price of $0.55, and the 147.889m outstanding issued shares, Portek's current market cap. of only $81.34m is clearly a grossly under-priced situation, especially when using the Price-to-Cash-Flow Ratio as yardstick. IMHO, Portek should be worth at least 1x more!
Based on the last done share price of $0.55, and the 147.889m outstanding issued shares, Portek's current market cap. of only $81.34m is clearly a grossly under-priced situation, especially when using the Price-to-Cash-Flow Ratio as yardstick. IMHO, Portek should be worth at least 1x more!