Ardmore Shipping, ASC, Baltic Dry Index, Green REIT, GRN, IPO, Irish shares, Irish value investing, Keywords Studios, KWS, shipping sector, TGISVP, The Great Irish Share Valuation Project, US Oil & Gas, video game sector
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: