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World Kinect Corp V.INT


Primary Symbol: WKC

World Kinect Corporation is a global energy management company. The Company is engaged in offering fulfillment and related services across the aviation, marine, and land-based transportation sectors. It also supplies natural gas and power in the United States and Europe along with a suite of other sustainability-related products and services. Its segments include Aviation, Land and Marine. Its Aviation segment provides aviation-related service offerings, which include fuel management, price risk management, ground handling, 24/7 global dispatch services, and trip planning services, including flight planning and scheduling, weather reports and overflight permits. Its Land segment offers fuel, lubricants, heating oil, and related products and services to commercial, industrial, residential and government customers, as well as retail petroleum operators. Its Marine segment markets fuel, lubricants, and related products and services to a base of marine customers.


NYSE:WKC - Post by User

Bullboard Posts
Post by twebcaon Mar 17, 2012 5:34pm
434 Views
Post# 19685776

DL interview piece

DL interview piece

A price of $7 a share on Ortsbo gives the company a $210 pre-financing valuation. When you look at the most immediate comparables, do you feel Ortsbo is worth that number?

We personally believe it is potentially worth significantly more in the long run. We have a US investment firm who that has indicated they will provide a lead order of $20 Million for the financing. This was announced some time ago and we feel that we should honor that commitment. As this financing will be open to accredited investors, we feel that the pre-financing value of $210 Million, while a discount to what we believe is the open market price for Ortsbo, that should, in our opinion, be best decided by the market when Ortsbo is listed as a separate company. If we are correct, the market should potentially view Ortsbo in the same light as our US counterparts and provide potentially parity of value.

Bullboard Posts