Thats fast. You haven't even read the prospectus

One of its majority shareholders (KQ) is trading at a P/E of 3.73......same industry.....bigger player hence better economies of scale...trading in a more liquid stock exchange.

At a comparative P/E, Precision Air would be valued at: Ksh 28 x 3.73/50 = Ksh 2.10......

Happy Hunting!

On another note:

The DSE share index was up 0.4 per cent in the month of August coming third only to the Namibian and Tunisian stockmarkets which rose 5.8 and 1.3 per cent. In the same month NSE was the worst performing among the continent’s top 16 equity markets.

http://www.theeastafrican.co.ke.../0/-/gnnarp/-/index.html

Anybody with the said research report by Sterling Capital will do us good by sharing

PW is in denial on the company making a loss in 2011. Have a look at the management report Vs the audited results. And the projected results for 2012 are not any encouraging

Jisomee

http://www.precisionairtz.com/F...eptember%202011%20V3.pdf

Hii BURE KABISA. AVOID, AVOID, AVOID. You are better of with the laughable British whatever now that it has lost 1/3 since its listing. I still rate it below 5/=.

@Eddy, under the existing market conditions PW has been able to achieve the following DECLINING PROFITS in the past 5 years. What makes you thing that going forward the market will significantly change in their favour

2007 - Tzs 5,533,703,000
2008 - Tzs 1,662,395,000
2009 - Tzs 2,871,190,000
2010 - Tzs 2,788,108,000
2011 - Tzs -1,666,301,000 (Ouch, a loss that the auditors had to inform us but PW management wanted to put it as a profit of Tzs 1,285,115,000)

With the number of shares, their PE ratio in 2011 would be 50 if we were to go with management accounts and it would be VERY BAAAAAD if we were to go with the audited accounts.

And FYI, financial performance is one of the key consideration in analysing the viability of an investment (Check what stocksmaster wrote in post #43)