Saudi Aramco IPO

Old Nov 4th 2019, 1:59 am
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Default Saudi Aramco IPO

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Old Nov 4th 2019, 4:51 am
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Old Nov 4th 2019, 6:41 am
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Default Re: Saudi Aramco IPO

Was reading about it earlie . Foreign residents will be able to purchase shares so might be worth a punt.
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Old Nov 4th 2019, 12:26 pm
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Default Re: Saudi Aramco IPO

Hmmm... Aramco or Damac Properties, decisions, decisions...?

https://www.cnbc.com/2019/10/30/majo...mid-slump.html
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Old Nov 5th 2019, 6:29 am
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Default Re: Saudi Aramco IPO

Originally Posted by Johnnyboy11 View Post
Hmmm... Aramco or Damac Properties, decisions, decisions...?

https://www.cnbc.com/2019/10/30/majo...mid-slump.html
Serves them right for plastering their horrid branding all over every building.
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Old Nov 5th 2019, 8:47 pm
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Default Re: Saudi Aramco IPO

Or there's Deutsche Bank, a sure fire winner...

https://www.zerohedge.com/markets/de...teresting-turn
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Old Nov 6th 2019, 4:54 am
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Default Re: Saudi Aramco IPO

Originally Posted by Johnnyboy11 View Post
Or there's Deutsche Bank, a sure fire winner...

https://www.zerohedge.com/markets/de...teresting-turn
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

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Old Nov 6th 2019, 5:00 am
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Default Re: Saudi Aramco IPO

Originally Posted by Scamp View Post
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

People after my own heart.
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Old Nov 6th 2019, 6:05 am
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Default Re: Saudi Aramco IPO

Originally Posted by nonthaburi View Post
Was reading about it earlier. Foreign residents will be able to purchase shares so might be worth a punt.
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.
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Old Nov 6th 2019, 6:32 am
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Default Re: Saudi Aramco IPO

Originally Posted by Millhouse View Post
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.
Finally some common sense, even with the cowboys i work with are not taking a punt (in fact reducing and possibly eliminating the whole GCC portfolio)
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Old Nov 6th 2019, 6:50 pm
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Default Re: Saudi Aramco IPO

Originally Posted by Scamp View Post
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

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
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Old Nov 7th 2019, 6:14 am
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Default Re: Saudi Aramco IPO

Originally Posted by Johnnyboy11 View Post
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
Megalols.
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