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Originally posted by Paper Tiger
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quote:
Originally posted by Flying Goat
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quote:Originally posted by Paper Tiger
So we get to be part of the top 15 now.
That should be the kiss of death for it's meteoric rise. :(
Why?
at $8.20 it is trading at nearly 20 times next years forecast earnings and the current rate of increase would continue to stretch that, so I see a pause as inevitable. Tying it to the NZX15 announcement is merely fortune-telling.
Of course moving to the NZX15 is actually likely to provide a temporary boost.
regards
Paper Tiger
PS I might give yogi-in-oz's <s>astroturfing</s> astro-trading a go next. ;)