Originally Posted by
trader_jackson
Forsyth's thoughts:
(1H 18 underlying EPS of 3.7c) 2H 18 underlying EPS of 4.6 cps = 8.3cps FY 18 - 14.3 underlying PE
FY19 underlying EPS 9.0 - FY19 forward PE of 13.2 (for comparision: RYM is at 22.0, SUM at 16.6, Metlife at 14.5 and OCA at 13.1)
Implied book value of NZ$1.19 and I won't even go into cash dividend yields too much as you already guessed it: ARV is on top (yes, even 7% higher cash dividend yield than OCA at 99c...)
Disclosure: I have put in an order for more ARV shares, despite having 'too many' already.
Seeing this reach $1.60 sometime in the next year would not even been remotely surprising to me.