Genesis shares worth more than $1.55, say four independent research reports

Sun, 30 Mar 2014

By Pattrick Smellie March 31 (BusinessDesk) – Four out of five independent research reports from investment houses in New Zealand and Australia value Genesis Energy shares at higher than the $1.55 a share offer price announced by government Ministers last Friday. The highest valuations, from Edison Investment Research and Craigs Investment Partners, suggest Genesis shares could be worth $1.97 apiece, while the most conservative valuation is from Australian research house Morningstar, which places a ‘fair value’ on the shares of $1.60. Howev...

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