What you would call "A very pleasing result'
I now own nearly twice as many as I did when I last posted.
This does look to be a somewhat undervalued company.
Best Wishes
Paper Tiger
Me and the market have a fundamental disagreement over this share*
I don't usually quote P/E ratios but this is definitely a growth share and it now on a historical P/E of 11.6 and forward P/E of 10.1 or lower by my guess.
I have a current value of $1.100 and a one year forward value of $1.181.
Hopefully Mr M will come round to my way of thinking eventually.
Best Wishes
Paper Tiger
Waiting for the tide to turn
I can see nothing fundamentally wrong with this company and for the moment I am willing to ride out the 'irrationality' of the market.
Best Wishes
Paper Tiger
Sometimes you have to believe that you know better than the market
The slide is a worry is it not ?
But if there is something up with the company, I am in the dark about it.
So far I am keeping the faith whilst sitting on a reasonable % loss on my recent activity here.
Best Wishes
Paper Tiger
Patience is a long term occupation
Hope so - I have been incredibly faithfully to this share for ages - but I am still underwater until it hits $0.925 :(
Best Wishes
Paper Tiger
Always a dodgy move doing a valuation before the full year results come out.
Quote:
Originally Posted by
silu
What are your guys views on valuation? My own little calculations makes me think this is worth now $1.15 and with 2018 forecasts closer to $1.40.
Just need that extra half cent to recoup the brokers fees and anything else is pure profit.
I have a value of $1.178 today and $1.267 this time next year based on a few years of moderate [10% pa] EPS growth.
Best Wishes
Paper Tiger
Disc: I reserve right to be have been pessimistic in my outlook.