I finished the valuation phase of The Great Irish Share Valuation Project in May, but we’ve actually seen a grand total of three Irish companies IPO since then. Seriously, that’s a bit of a bloody record – one of them even listed on the ISE! I’ll be taking a closer look at each company in this post, and including them in TGISVP for the rest of the year.
[btw I can't help but remember it was about this time last year I first sat down, took a look at US Oil & Gas (USOP:G4), and promptly fell off my chair. It was a bit like meeting Paul Calf for the first time - I laughed, I cried, I was horrified... I ended up predicting an ultimate TGISVP price target of 3.5p (a 99% price decline). Not surprisingly, this was greeted with outrage - with multiple muppets going out of their way to explain, in great detail, why I didn't have a f***ing clue! Oh, how right they were, and how wrong I was - USOP's now trading at 32p, a share price decline of only 95%..! Clearly an apology is warranted - perhaps I should suck up my pride & make it?! ]
Well, maybe I can’t promise you anything as exciting as USOP, but let’s see if we have any bargains or disasters on our hands:
Company: Green REIT
Ticker: GRN:ID
Mkt Cap: EUR 372.0 mio
Price: EUR 1.20
As you may have noticed, my Green REIT write-up kinda got away from me! I ended up publishing it as a completely separate post – see here.
Price Target: EUR 0.965
Upside: (20)%
_
Company: Keywords Studios
Ticker: KWS:LN
Mkt Cap: GBP 61.4 mio
Price: GBP 153.5p
Keywords Studios was founded in 1998 by Teresa Luppino & Giorgio Guastalla. The company is a leading provider of integrated localisation, testing & audio services (across 30 languages & 12 game platforms) to a blue chip client base in the global video game industry. ‘Video game’ means consoles to me, but here it’s meant in the generic sense to include mobile & social/casual gaming – Keywords also works on hand-held, Facebook, Apple & Android platforms, with more recent clients including Zynga (ZNGA:US)…
