Monte Oro to Backdoor List Through BRN

By Warhead of www.financemanila.net

this is just an armchair analysis and feel free to find loopholes and post your comments:

. in another forum it was mentioned that if Monte Oro lists via BRN, BRN's value is around 6-8/share.. i was thinking how and why?

Transco/NatGrid has an annual ave. of 16 bil earnings as per FreedomfromDebtCoalition's website.
if MonteOro Owns 30% of NatGrid and Brown owns 15% of Monte Oro, that's around annual profits of 720 mil or 0.55/share from its 4.5% ownership of NatGrid alone, to be recognized this year.

at last close of 3.15 thats a PE ratio of 5.7 , in contrast to MER's current PE of 46.5.

at 8/share it's a PE ratio of 14.5, almost at par with National Grid PLC's 16 and Duke Energy's 15.8


also add this hidden potential capability to offer broadband services:

"Aside from the IPO, the franchise of NGCP also allows that company to use the fiber optic system of TransCo.

“We have had initial studies on it. But we have no firm plans this time. It’s an opportunity that we will explore later, but now we’re concentrating on getting on board, improving the efficiency. But yes there is a possibility that we might engage either directly or through a joint venture with another company. But these are options we still have to explore,” he said

a potential vehicle for the ZTE NBN broadband or a way to throw some bones to erstwhile bid rival San Miguel for its planned telecom unit via Liberty? Is BDO's 2-bil loan to BRN a way for the former bid rival Sy group (and San Miguel partner) to participate in the Nat Grid concession?