well underway...looking good.., for big dividends next year
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well underway...looking good.., for big dividends next year
banter thanks for sharing that, appreciate it.
time to invest in trilogy til..., consolidation has finished .., up trend start soon
Yes. . just bought some today...looking at for long time
well done til.., nzr consolidate soon
There seems to be a link between the NZR share price and EPS. No surprises there.
Historically the price seems to track the previous year's eps more closely than the present year's, and much more closely than the following year's. The price is guided more by the past than the present, and not much by the future.
This table looks at the year's high and low share price from 2006-2016. I estimate 2016 eps at around 45-55 cps.
say 50c.
2006
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 e yr high
8.15 8.14 8.35 7.66 4.46 5.2 3.32 2.81 2.29 3.35 yr low 5.71 6.06 5.5 3.58 2.9 2.72 2.19 2.03 1.58 2.12 eps- prev yr
0.48 0.4
0.45 0.08
0.21 0.123 0.1165 -0.018 0.032
0.45
eps-curr yr 0.48 0.4 0.45
0.08 0.21 0.123 0.1165 -0.018 0.032 0.45
0.50
Looking at 2015 (in green - 3.2c / 45c e) the best fit is 2010 (8c / 21c), though 2010 had higher prev year's earning and lower current year ones. In 2010, the price ranged from $2.9 - $4.46.
You might expect 2015 then to have lower lows (yes, 2.12) and higher highs (not yet - only 3.35).
Looking at 2016, 2007 and 2008 (all in blue) match well. The price range was 5.5 - 8.35.
By this stage of the year, with 8 months' data in, and some floor / ceiling payments 'in the bank', the 2015 profit figures are firming up.
There look to be more reasons for the NZR share price to go up than down.
Here's a chart showing the same thing using previous year's EPS.Attachment 7609
Great stuff Banter, looking at 45 eps for current year, even if were to apply a nominal 10 pe that gives you a price of at least $4.50.
I'm sure the industry pe multiple is slightly higher may be 11-12, someone can confirm that. So $4 by Christmas is very very conservative estimate in my opinion.