KINA analysis

25th Jul '19 by Jubes

5 comments 529 reads

This share seems too good to be true. I'm just wondering whether the analysis on this stock is somewhat distorted by the share price being in AU dollars, but the spreadsheet analysis is in PNG Kina. I'd be interested in anyone elses thoughts?

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About the Author

Jubes

Premium Member

5 comments

Evan Kourambas

1st Aug '19

Hi Jubes. I bought KINA recently. It looks fantastic, the market my be holding it back because their business is in PNG. I agree it looks too good to be true.

That said Stockopedia did tell me they are having trouble translating A$ <> KINA

Hopefully we have not made a mistake

timk

28th Sep '19

Recent announcement - buying ANZ PNG business. Best VM share in Australia.

timk

28th Sep '19

Thanks Jubes, important comment. I believe there may be an issue how revenue is dealt wth $A shown as 600 plus, Kina 130, thus PE and other factors are potentially inaccurate . A good question for stockopeadia tech team.

timk

30th Sep '19

Jules - grateful for the search you triggered. Took ST and res bank date t5o get:-

I hope someone at STockop gets across this as I now doubt that this PNG bank is the top VM share listed on ASX.

posca pty ltd atf cdr trust

2nd Nov '19

Thanks for this. The exchange rate between $A and Kina is 1 K = A0.43c , so the broker target of K3.65 equals A1.56. This is only 7% not 1179% as reported. I have also seen other reports showing the current PE is 11.00 not 0.6. Even if that is a forward estimate, it is a massive change between this year and next year. These two factors make me mistrust the whole KSL report. I raised the exchange rate error directly with Stockopedia a few weeks ago, but they have not corrected it. I actually sold my shares because I had relied on this report to buy them. I am waiting for a more realistic future report before I but them again. The ten screens the make may also be due to incorrect information.

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KINA analysis

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About the Author

Jubes

5 comments

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