KSL - Kina Securities - Aussie Stock Forums

Results 1 to 5 of 5
  1. #1

    Post KSL - Kina Securities

    Kina Group is a leading diversified financial services provider in Papua New Guinea (PNG) and is the largest licenced funds management company in the country with $2.5 billion of funds under management, and with more than 155,000 superannuation clients.

    The company provides traditional stockbroking, trustee services, corporate advice and finance. It is a major provider of leases and mortgages. It has about 200 staff, of whom 92.5 per cent are Papua New Guinean, and more than half are women.

    It is anticipated that KSL will list on the ASX on 30 July 2015.


  2. #2

    Default Re: KSL - Kina Securities

    Interesting float.
    Looks like it will be priced at a discount to the domestic banking sector, obviously due to the PNG factor..

  3. #3
    The Contrarian Averager So_Cynical's Avatar
    Join Date
    Aug 2007
    Sydney - Muntinlupa

    Default Re: KSL - Kina Securities

    Quote Originally Posted by VSntchr View Post
    due to the PNG factor..
    I would think that PNG is past the basket case phase, however understand that the general perception is probably different...will watch with some interest.
    Statistics: 172 Closed Trades since July 07, Trades: Winners 135 - Losers 37, Expectancy/$1 Risked: $0.78

  4. #4

    Default Re: KSL - Kina Securities

    Certainly interesting, just had a quick look at the PNG economy. There is some definite risks such as: poor infrastructure, 75-80% of employment reliant on agriculture, the majority of exports and GDP reliant on mining/oil and gas, plus over 40% of the people live on less than $1 a day... that said, the economy has grown at an average rate of around 9% over the last 10+ years and is forecast to keep growing. Worth watching I think.

  5. #5

    Default Re: KSL - Kina Securities

    Check out the team they've got. There's
    • Sir Rabbie Namaliu - an ex-prime minister...and well..he's a Sir!
    • Syd Yates - involved in the establishment of the Port Moresby Stock exchange and is a director of PNG Olympic committee
    • David Foster - ex-CEO of Suncorp Bank (5 years)

    Not bad...

Similar Threads

  1. Email Security
    By Smurf1976 in forum General Chat
    Replies: 2
    Last Post: 21st-January-2013, 07:48 PM
  2. IRAN will BE Referred to The UN Security Council!!
    By Epsilon in forum General Chat
    Replies: 44
    Last Post: 1st-August-2008, 02:51 PM
  3. Securing your Financial Independance
    By tech/a in forum General Investment and Economics
    Replies: 73
    Last Post: 14th-April-2006, 06:02 PM
  4. Stapled Securities
    By madhun in forum Stock Market Nuts and Bolts
    Replies: 6
    Last Post: 25th-August-2005, 05:43 PM
  5. Commonwealth Government Securities
    By slix_88 in forum General Investment and Economics
    Replies: 2
    Last Post: 27th-July-2005, 12:03 AM

Tags for this Thread


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Aussie Stock Forums