HBL has been rerated over the last year or so to the extent that is now outrageously overvalued (see previous posts)
But ever mind the world is such a happy place at the moment - even the S&P500 is now trading on price:sales ration never ever been seen before (even 2000/2001)
So don't worry about a outrageous valuation of HBL - sentiment will take it much higher. They can do no wrong and that's enough
HBL will be $2 at announcement time and when Jeff mentions $70m profit for F18 the share price could go anywhere. HBL has as much appeal as that awesome Jacinda has so what can go wrong.
Did Percy say $2.50 next year