Oh I am one very happy Bear thanks Percy and enjoying the ride :)
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28 cents..........................
The excitement continues..!!
Its Ho Ho Ho time.
Very nice.
25 cents is a FY19, (which is nearly over), PE of 20 if they meet forecast. Pretty easy to make a sound case its worth more than a PE of 20 based on previous growth in very recent years and forecast growth for FY19.
I suspect people are investing based on prospects for FY20 now.
Gave Direct Broking a call and asked them to manually update their "market price" on their website. Since I had them on the phone I couldn't help myself and took another bite at the few on offer :-)
.28 gone .30 now on offer, who is game ?
30 cents = FY19 PE of 24 based on a huge increase in forecast earnings for FY19, (which we have no idea with regard to whether they are likely to achieve this forecast or not at this stage).
Most recently somewhat decent volume has been done at 26 cents which my common sense tells me feels about right until we get some more information from PAZ.