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by JMG
August 12th, 2015, 7:57 pm
Forum: Ole talk and more Ole talk
Topic: PPGPL IPO...
Replies: 606
Views: 121536

Re: PPGPL IPO...

<span class="skimlinks-unlinked">http://firstlinesecurities.com/ppgpl-ttngl-update-what-difference-does-a-year-make</span>/ Thanks alot for posting this. I read their previous article on the previously scrubbed IPO offering and after reading this I feel alot more confident on my planned c...
by JMG
August 11th, 2015, 12:14 am
Forum: Ole talk and more Ole talk
Topic: PPGPL IPO...
Replies: 606
Views: 121536

Re: PPGPL IPO...

After FCB, Joe Small-investor ent looking for 10% in two years, they want 50% tomorrow! why did they use Dec 31 as a point of reference? Energy prices are notoriously fickle! we're in August. Why doesn't the prospectus include 2015 Q2 results, even if unaudited? them want investors to buy this thin...
by JMG
August 10th, 2015, 7:28 pm
Forum: Ole talk and more Ole talk
Topic: PPGPL IPO...
Replies: 606
Views: 121536

Re: PPGPL IPO...

Check page 136 in the prospectus under the section "Summary Balance Sheet Discussion" Okay I'm seeing it now. I'm no expert in finance, but they had to use a point of reference for valuation (Dec 31 2014). From then to (Mar 31 2015) natural gas prices are down something like 20%. That's t...
by JMG
August 10th, 2015, 6:22 pm
Forum: Ole talk and more Ole talk
Topic: PPGPL IPO...
Replies: 606
Views: 121536

Re: PPGPL IPO...

In the prospectus, the carrying value of TTNGL was written down to $2,685,745 million and they are offering to the public 49% of TTNGL (i.e. 2,685,745 x 49% = 1.3 billion). The IPO is for 75,852,000 class B shares at TT$20 per share or 1.517 billion so the public is paying a 15% premium over what t...

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