Originally Posted by
Maverick
Lots of respect for you BP but I disagree with you on this one They have shown that the result wasn't just on the back of one bumper summer. Today at $5.50 the market affords the company a PE of 12
-It has no debt,
-Great and growing online presence,
-Stunning increasing sales - in order the rates of 6 monthly (winter /summer seasons) increases on the pcp are 9%, 5%,19%, and today's winter PCP increase 13%
-Dominant incumbent player in its well targeted market.
-Large imputed, consistent and now growing dividends.
But wait there's more!.... Now we have expansion happening as we speak on a proven formula in Aussie. Surely HLG should have a PE under these circumstances of at least 14-15.
Even at the historical PE of 13 the share price should be $5.95 today. So IMO the market has not fully price in the result yet.