|
Saudi Aramco IPO
|
Re: Saudi Aramco IPO
Sign me up.
|
Re: Saudi Aramco IPO
Was reading about it earlie . Foreign residents will be able to purchase shares so might be worth a punt.
|
Re: Saudi Aramco IPO
Hmmm... Aramco or Damac Properties, decisions, decisions...?
https://www.cnbc.com/2019/10/30/majo...mid-slump.html |
Re: Saudi Aramco IPO
Originally Posted by Johnnyboy11
(Post 12758711)
Hmmm... Aramco or Damac Properties, decisions, decisions...?
https://www.cnbc.com/2019/10/30/majo...mid-slump.html |
Re: Saudi Aramco IPO
Or there's Deutsche Bank, a sure fire winner...
https://www.zerohedge.com/markets/de...teresting-turn |
Re: Saudi Aramco IPO
Originally Posted by Johnnyboy11
(Post 12759413)
Or there's Deutsche Bank, a sure fire winner...
https://www.zerohedge.com/markets/de...teresting-turn I like the main front page today has this for a headline: 11,000 Experts Propose Final Solution To Global Warming: Just Kill Billions Of People |
Re: Saudi Aramco IPO
Originally Posted by Scamp
(Post 12759572)
Interesting website.
I like the main front page today has this for a headline: 11,000 Experts Propose Final Solution To Global Warming: Just Kill Billions Of People |
Re: Saudi Aramco IPO
Originally Posted by nonthaburi
(Post 12758632)
Was reading about it earlier. Foreign residents will be able to purchase shares so might be worth a punt.
These factors mean that you are stuck with a super minority investment (1%) in a country that is high on the political risk spectrum, offers limited diversification or growth and rewards you with a low dividend. At best, it is an oil price play at a time when the world (including KSA) is doing all it can to reduce dependency on oil. At worst, you will just get screwed over as no-one will care about the 1% held by retail and you'll get eaten by poor, politically driven management. The IPO investors in SABIC did well, the long-term prospects for Aramco are just not the same. Liquidity for the stock will, no doubt, be terrible. |
Re: Saudi Aramco IPO
Originally Posted by Millhouse
(Post 12759591)
It's always easier to be cynical about these things, but on this occasion, I struggle to see the upside. The dividend yield is poor (3.5% vs 6% for shell/BP), they have zero investor transparency, the chances of them diversifying to renewables or other downstream activities is low, and the opportunity for them to expand across regions is nil.
These factors mean that you are stuck with a super minority investment (1%) in a country that is high on the political risk spectrum, offers limited diversification or growth and rewards you with a low dividend. At best, it is an oil price play at a time when the world (including KSA) is doing all it can to reduce dependency on oil. At worst, you will just get screwed over as no-one will care about the 1% held by retail and you'll get eaten by poor, politically driven management. The IPO investors in SABIC did well, the long-term prospects for Aramco are just not the same. Liquidity for the stock will, no doubt, be terrible. |
Re: Saudi Aramco IPO
Originally Posted by Scamp
(Post 12759572)
Interesting website.
I like the main front page today has this for a headline: 11,000 Experts Propose Final Solution To Global Warming: Just Kill Billions Of Peoplehttps://www.zerohedge.com/political/...ts-and-sexists |
Re: Saudi Aramco IPO
Originally Posted by Johnnyboy11
(Post 12759903)
That's the thing about Zerohedge, you never know what to expect, like this NHS article and embedded video...
https://www.zerohedge.com/political/...ts-and-sexists |
| All times are GMT. The time now is 1:01 pm. |
Powered by vBulletin: ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.