Share Investment, Discussion & Tips

[diseasex]

The Saudis plan to offer up to 5% of Aramco in the IPO, at a predicted price of $100 billion. This would give Aramco a valuation of $2 trillion, making it the largest IPO ever. Some recent reporting has cast doubt on the high valuation but those calculations overemphasize current tax structure and overlook Aramco’s downstream business.

hyh

[jbond007]

Not sure if you have heard but Saudi Arabia are going through a massive privatisation program, they announced a privatisation bill a few weeks ago and are selling off a whole load of national assets.

First to go is the massive Aramco , 5% selling for 2 Trillion (Hugely over valued ) but many other better valued assets including hospitals, sports centres etc.

Or you could look at the China one belt one road initiative.

Isn't this a big IF though ? Also, what about happen if Qatar buys up Aramco stock on the free market

But I still think they've got issues with listing in NY, it could open up the company to more scrutiny and also lawsuits. Also, there is an article somewhere mentioning they would want USA to back down on the law which opens up Saudi royals to lawsuits from 9/11 families

And I think for LSE - they need a minimum 25% flotation rather than 5%, but then London being a second home for a lot of corrupt wealthy people, I'm sure LSE will be open to bending that rule seeing the merger with Frankfurt exchange is out of the window now

[Cirrus]

Not what I've read.

The country is haemorrhaging cash at a stellar rate. They don't tax people to any extent but have been used to splurging all over the place. Now the oil price is down they are staring at fiscal Armageddon. They make Gordon Brown look competent.

[MarillionFan]

Tescos caught a cold earlier with the announcement that Amazon are buying Whole Foods for $13.7 B

This has hit all US supermarkets and also UK, with Tescos dropping to 167 earlier around an 8% drop. Seems oerdone, so managed to pick up a load at 1.67 for a quick dead cat bounce.

[AtW]

Seems oerdone, so managed to pick up a load at 1.67 for a quick dead cat bounce.

Dead cert or what?

[AtW]

Might buy some shares in Mercedes and Shell...

[MarillionFan]

Dead cert or what?

Better than May.

[Fred Bloggs]

Freeagent shares.

Well, I have been keeping an eye on shares in Freeagent. I'm not a contractor any more but thought it would be quite cool to invest in FA and still maybe make some money out the UK contracting industry. But........ today the spread is 100p to 93p. So you have to make 7% profit plus dealing costs to break even! Robbing ba5tard5.

[SueEllen]

Might buy some shares in Mercedes and Shell...

Already have Shell shares.

[MarillionFan]

So anyone brave enough for Carillion?

Hedge funds bag £80m on huge crash in construction giant Carillion's share price | City A.M.

Got to close those shorts some time