Re $64 mill mkt cap plus any oppies etc. Has run up alot with no news until April as we are unlikely to see director buying notices imo. Lets say its a 100% profit increase to $2.6 mill. Getting a bit frothy? Happy holder btw:).
Printable View
Re $64 mill mkt cap plus any oppies etc. Has run up alot with no news until April as we are unlikely to see director buying notices imo. Lets say its a 100% profit increase to $2.6 mill. Getting a bit frothy? Happy holder btw:).
Official forecast for 31/12/2019 gives 1.28 cps earnings after tax up from 0.62 cents per share after tax last year which gives forecast earnings growth of 106% for 2019. https://www.usx.co.nz/uploads/paperc...pdf?1554330190
At 29 cents PAZ is on a forward PE for the year ended 31 December 2019, (very shortly to be historical) of 22.7. That's actually lower than the average market PE on the NZX but look at the rate of growth and consider the future rate of possible growth ?
Products released half way through the year, (one very late in 2019), will enjoy a full year's annualised sales growth effect in 2020. Given this fact then the next thing to ponder is what might be the rate of eps growth in 2020 ?
Is it really expensive relative to the average PE on the NZX which ahs been reported as 29, given the average earnings growth of NZX listed companies is vastly lower ?
Hmmmm
Percy mentioned earlier in the year regarding an AGM question around turnover expectations within a few years following the latest round of capital expenditure, and the answer was $40M.
The half-year to June saw a 'pre-tax surplus of 1.83M' off the back of 8.3M in turnover. At that ratio we would expect up around ~8.8M surplus on 40M turnover.
Theres sellers lurking at 28c off market as well as on market(Someones putting up100k lots)
This 28c seller is a big holder and has heaps for sale, wonder who it is?
The big buyer at 28 cents just keeps loading up.
304,000 so far today.
I wonder who it is.?..........................lol.
ps..No director is selling.
Big year for this one, wonder what 2020 brings ?
I think the opposite.
A year ago ie 17th December 2018, 100,000 PAZ shares traded at 0.096 cents per share.........Total value $9,600
Today 304,000 traded at 28 cents per share,which shows a lot of confidence...........................Total value $85,120.
Three times as many traded, at nearly three times the share price.
I will be more than happy should the share price "only" doubles in the next year.!
200000 just went through off market, our big seller is a keen early bird.
Decided to buy myself a little Christmas present and topped up a bit on PAZ. Merry Christmas everyone