Met analyst expectations but some people are spitting the dummy anyway...go figure...
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Met analyst expectations but some people are spitting the dummy anyway...go figure...
Note to self "I am in this for the long term" Repeat,then repeat again
Might pick up my granddaughter from primary school tomorrow afternoon...do you think her teacher would mind if I wrote on the backboard 100 times "Rome wasn't built in a day" lol. Still comfortably above 100 day MA, and now tracking back to be roughly on a par with its stablemate ATM. Reversion to the mean eh...
So 4 analysts got the profit figure spot on (consensus on the go to website for such info)
The same 4 analysts targets have a mean value of $8.89. Those analysts aren’t entirely stupid? They came up with their numbers in a considered way ...maybe not even putting emotion into their work.
Maybe that $8.89 is about right for the Synlait share price ...$12/$13 come from irrational exhuberent punters driven by hype.
Be interesting if these gurus change their outlooks in the next week or so.
Bell Potter updated their valuation with "Buy" recommendation with tp of AU $12.65 or NZ $13.80 (based on current fx rate). Sourced from HC member post.
Probably just normal smokes. Forward PE low 20's (about the market average) and I am expecting EPS growth of about 30% for the next few years. PEG about 0.75
Distinct possibility this stock could be in play in the foreseeable future too. Can't see any reason not to hold long term. Maybe Chris Lee thinks a PEG is something one uses to hang their clothes on a line :D