Earnings per share e p s

**Snow Leopard** · 13-02-2017, 04:27 PM

Originally Posted by percy

...useless it is hbl...

nnnnooooooooooo !!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Where did all the capitals go ?]

**percy** · 13-02-2017, 04:55 PM

Originally Posted by Paper Tiger

nnnnooooooooooo !!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Where did all the capitals go ?]

YESsssssssssssssssssssssssssssssssssssssssssssss.!
On 23rd february 2016 at $1.16, and then I sinned again two days later, and brought more at $1.13 on the 25th February.
As I felt bad about buying in a downtrend,and realising what a fool I was,not sleeping at night, I decided I needed redemption, so I sold them,on 9th September at $1,56.
Told myself,never again buy in a downtrend.!!!...lol.

**DarkHorse** · 13-02-2017, 09:39 PM

Originally Posted by percy

No I have not sold any.
I like 2 or 3 years historic eps growth[the longer the better],but the forward eps growth rate is really what I base my buy,hold or sell decisions on. I put most weighting on one year forward,and less on two year forward ,and think three forward a bit of a guess by most analysts.
I think it is the Bell Potter research, which shows eps growth of over 15% for both 2018 and 2019 ,which is higher than the forward PE, was one of the reasons for keeping them.Other reasons are, I like the sector they are in.Plenty of growth in this sector.Although they have moved the majority of their business to consummerables, there is still about 20% in equipment.Equipment sales are very lumpy,ie you don't get many orders for 50 or 100 beds.They have also raised their stock levels expecting higher sales.So the full year will show whether they are on track or not.Another reason is, I have had experience in this sector with EBO.Although PGC is not of the same calibre,their multiples are undemanding.The results presentation although avoiding talking about eps,did make sense to me,ie looking for better stock turns,and having the capacity of doing further [small] bolt-on acquisitions, using their strong balance sheet, and cashflow.These offcourse would help eps growth.

Appreciate your thoughts thanks Percy. Also couldn't agree more re looking at other factors esp balance sheet, management, sector, business model... I'm a bit wary of putting too much store on one analyst who's done capital raisings for the company (PGC) - been bitten before in same situation.

**percy** · 14-02-2017, 07:17 AM

Originally Posted by DarkHorse

... I'm a bit wary of putting too much store on one analyst who's done capital raisings for the company (PGC) - been bitten before in same situation.

Very much agree.Something we must keep in mind,and not rely too heavily on,although I do find it helpful.Usually pick up something from it.
JT.I think there were two times PGC upset shareholders.
1] Years ago they did a placement and capital raise and SPP,when they had a lot of options in the market place.Devalued the options overnight.I remember holding PGC options and CAJ options.Thought I would convert the PGC's and let the CAJ lapse .Offcourse it worked out the other way.
2]Last SPP was hugely over subscribed,and shareholders who held under 20,000 shares did not get any.