I’ve been meaning to do a post on the Royal Mail IPO but haven’t had time to wade through the 200+ page prospectus beyond a brief glance. I have some concerns with the company in the long term and although there is a lot of hype surrounding this IPO, there are some big red flags that are putting me off.
Sino Grandness grew profits by 100% last year, a long running trend, yet trades at a P/E ratio of just 6.7. There is of course a catch, but in my opinion the upside here far outweighs the downside. This is a chance to buy a wonderful company at a bargain price.