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Re: MPL - Medibank Private IPOYou can add CSL to that list, oldblue. One of the most profitable government IPOs in history, I imagine, if you bought in from the float and have held since.I've been ploughing my way through the prospectus and looking at the financials. To be honest, I'm not sure how helpful the historical financials are to looking forward, as there is a fair degree of volatility in the NPAT earned by Medibank Private over the past few years.The forecast profit seems reasonably healthy for FY 2015, but I'm not keen on the limited visibility on earnings going forward.It's also worth remembering that private health insurers essentially need to have their health premiums set by the government of the day, so there is a fair degree of government regulation on this company.
Re: MPL - Medibank Private IPO
You can add CSL to that list, oldblue. One of the most profitable government IPOs in history, I imagine, if you bought in from the float and have held since.
I've been ploughing my way through the prospectus and looking at the financials. To be honest, I'm not sure how helpful the historical financials are to looking forward, as there is a fair degree of volatility in the NPAT earned by Medibank Private over the past few years.
The forecast profit seems reasonably healthy for FY 2015, but I'm not keen on the limited visibility on earnings going forward.
It's also worth remembering that private health insurers essentially need to have their health premiums set by the government of the day, so there is a fair degree of government regulation on this company.
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