Scangroup IPO II

from the prospectus:

Gross Proceeds of the Offer: KES 721,050,000

for 12 Months ending Dec 2005  (150 000 000 shares)
EPS 0.96
NAV 1.58
DPS 0.23
Offer Price to Book Value (NAV)  6.61 Times
Implied historic PE based on EPS  10.88 Times
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for 12 Months ending Dec 2006/ (159 000 000 shares)

Forecast EPS 1.05
Forecast DPS 0.79

Implied future PE based on forecast EPS and Offer Price - 9.95 Times
Implied future Dividend Yield based on forecast DPS and Offer Price - 7.56%

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Allocation of 69,000,000 shares on Offer:

A - Employees of Scangroup and Scangroup Subsideries - 3,450,000 Shares - 5%
B - Corporate Investors - 31,050,000 - 45%
C - Individual Members of Public - 34,5000,000 - 50%

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Dividend policy of approx 75 % of companies annual after tax profit

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Trading

29th August 2006

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I think i should get me some of these - if only for speculative purposes.
Company has been on an upward growth curve, net profits are projected to increase again.
Business is not capital intensive

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