Saudi Aramco IPO
Nov 4th 2019, 12:59 am
#1
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Nov 4th 2019, 5:41 am
#3
Joined: Feb 2010
Location: Buraydah , Saudi Arabia
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Re: Saudi Aramco IPO
Was reading about it earlie . Foreign residents will be able to purchase shares so might be worth a punt.
Nov 4th 2019, 11:26 am
#4
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Posts: 884
Re: Saudi Aramco IPO
Hmmm... Aramco or Damac Properties, decisions, decisions...?
https://www.cnbc.com/2019/10/30/majo...mid-slump.html
https://www.cnbc.com/2019/10/30/majo...mid-slump.html
Nov 5th 2019, 5:29 am
#5
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Re: Saudi Aramco IPO
Hmmm... Aramco or Damac Properties, decisions, decisions...?
https://www.cnbc.com/2019/10/30/majo...mid-slump.html
https://www.cnbc.com/2019/10/30/majo...mid-slump.html
Nov 5th 2019, 7:47 pm
#6
Onwards and Upwards!
Joined: Sep 2010
Posts: 884
Re: Saudi Aramco IPO
Or there's Deutsche Bank, a sure fire winner...
https://www.zerohedge.com/markets/de...teresting-turn
https://www.zerohedge.com/markets/de...teresting-turn
Nov 6th 2019, 3:54 am
#7
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Re: Saudi Aramco IPO
Or there's Deutsche Bank, a sure fire winner...
https://www.zerohedge.com/markets/de...teresting-turn
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
Nov 6th 2019, 4:00 am
#8
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Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 15,887
Re: Saudi Aramco IPO
Interesting website.
I like the main front page today has this for a headline:
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
Nov 6th 2019, 5:05 am
#9
Lost in BE Cyberspace
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 15,887
Re: Saudi Aramco IPO
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.
Liquidity for the stock will, no doubt, be terrible.
Nov 6th 2019, 5:32 am
#10
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Location: Kuwait
Posts: 1,202
Re: Saudi Aramco IPO
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.
Liquidity for the stock will, no doubt, be terrible.
Nov 6th 2019, 5:50 pm
#11
Onwards and Upwards!
Joined: Sep 2010
Posts: 884
Re: Saudi Aramco IPO
Interesting website.
I like the main front page today has this for a headline:
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
https://www.zerohedge.com/political/...ts-and-sexists
Nov 7th 2019, 5:14 am
#12
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Posts: 0
Re: Saudi Aramco IPO
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
https://www.zerohedge.com/political/...ts-and-sexists
