Really, that doesn't sound right? I thought the PE was around 20? Halving the share price would bring me back to where I started 8 years ago and earnings have gone up since then.
Printable View
That will teach me to rely on memory..... You are quite right Biscuit. Looking back in this thread to my post 857 I have been using a normalised earnings for FY2020 of $28.969m. So $32.5m is actually a 12% year on year profit rise from 14.9cps to 16.7cps.
At $3.17 we are on a projected PE of $3.17/ 0.167 = 19.
That is still high given an historical context five year average PE for Skellerup of 15.6. But not outrageously high given where the market is today. I am happy to sit on my holdings at this price for what is now my largest NZX investment.
SNOOPY
Not my largest investment on nzx but it is probably the most lucrative and consistant performer in my portfolio. I bought my first shares in this company many years and name changes ago. A great example of bottom drawing..
havnt posted on this for a while either but it is going nicely , rsi on weekly monthly just entering over brought territory but when a trend is in place this can remain like this for a while
Nicely above $3.35 and it keeps on rising. One of my best holds so far. Although I can’t see it going too much higher unless we get a massive profit upgrade, or another company they intend to take over.
Looking good at $3.60. One of my top picks for 2021. But how high can it actually grow?