Yep I reckon the market has way overreacted in taking the sp to where it is now, back to $25 or so after the result.
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I think its crystal clear in FY23 they are still going to enjoy significant tailwinds from Covid. In light of that I think 38 times Covid assisted FY23 earnings is far too expensive. The boys at Fisher funds seem to like scoring "own goals". Netflix their latest and down 38% in just the last week.
Just as well FPH haven't announced a slowdown like Netflix just have...yet.
PE ratios blah blah, try explaining XRO's one in relation to its sp.
Carnage on US markets
Can FPH hold 2000 ....most important question.