Originally Posted by
Beagle
I always take a five year view of growth and then try and forecast the current year.
Graph this and see if you think its growth :)
2016 $13.7m
2017 $17.3m
2018 $27.4m
2019 $29m
2020 $27.8m (Covid affected)
2021 F $37m
Speculation on what FY22 might be is exactly that, pure speculation.
By my calculations based on a forecast of $37m for FY21 the CAGR for the five years to FY21 is 22% per annum.
Not sure what your "angle" is here ? (have you sold and trying to talk the price down ?), but I think on any rational analysis anyone thinking objectively would say there's clearly been very good growth in the last 5 years which is why, (as you know seeing as you also bought at ~ $2.75 in August 2016) these have more than tripled inclusive of dividends since then.
Sometimes I worry about you mate. Don't let a bad day on the market get you down.
HLG on a forward PE of just 12 so one is buying one of the best growth companies on the NZX and paying ostensibly nothing for that growth ! Don't ever let it be said there is no such thing as a free lunch on the NZX !
Here's an idea mate, graph Glassons Australia sales for the last 5 years and see what that looks like ;)