Sure will mate. I've been busy buying at 42 and 43 cents after the result which looks like a winning strategy seeing as they closed the week at 45:t_up:
Printable View
Agreed Roger. Have myself been accumulating PGW for 3 years now and the SP has been all over the place in that time. Very happy to have it has my biggest holding. Onwards and upwards.
Snoopy, I think you may be looking in the rear mirror. Brokers are unanimously in disagreement with you over your no-growth call. Broker estimates for FY15 are 0.046,0.042,0.045. Broker targets are 50c+.
Of course time will tell, but I look forward to 3.5+2+2.5=8c + imp credits dividends over the next 13 months. What sort of yield is that? Around 24%!!!
I'm not all in yet, but I will be looking to add if the AGM guidance is in line with the brokers.
Snoopy, I recall you bought in the high 20c. Nice trade if you just exited.
What no growth call? My PE of 10 estimated still implies growth.
If underlying growth is estimated to be around 10% (from 4.0eps in FY2014), to say 4.4c eps in FY2015 that is still only half of Roger's 5.0c eps end point growth expectation.
If broker's think earnings of 4.4c justify a share price 50c I would suggest their assumed multiple is too high. Have those brokers made any allowance for droughts floods currency strains etc.? I thought not. A PE of 12 might be appropriate at the bottom of the business cycle, but not at the top. I suspect those analysts experience in PGW falls short of the ups and downs over 17 years I have been investing in it. Pain is a very good teacher!
Arbitrarily choosing a twelve month period to incorporate three dividend payments earned over an 18 month period does not help your case. I diagnose a case of 'dividend fever' here, and you are by no means the most acute sufferer on this thread Noodles.Quote:
Of course time will tell, but I look forward to 3.5+2+2.5=8c + imp credits dividends over the next 13 months. What sort of yield is that? Around 24%!!!
Yes I did buy in the high 20s, but al that good work was undone by earlier higher priced purchases. After 17 years, I finally just broke even last week! Mind you that does not include the dividends received over that time.Quote:
Snoopy, I recall you bought in the high 20c. Nice trade if you just exited.
SNOOPY
With your 17 years poor history with this stock I think I will side with the brokers' forecasts!!!!!! lol.
Hi SNOOPY, appreciate your views. Cheers!
Roger undershot on the dividend announcement. He bullishly predicted 2c. Instead we got 3.5c. Maybe he is being conservative over the 5c eps as well. And hats off to Roger for making that dividend call well before the announcement.
Actually, it is 3 dividend payments in the next 12 months and 2 weeks (not 18 months as you suggest). My 24% is a bit light actually.
I wish I had so much capital I could hold a loser for 17 years.
[QUOTE=noodles;498545]Actually, it is 3 dividend payments in the next 12 months and 2 weeks (not 18 months as you suggest). My 24% is a bit light actually.
Thanks for your sound logic.
May pay me to pay more attention and think longer than just a year ahead.!!
Another two weeks makes a HUGE difference.!