Notice a lot of stocks that Fisher Funds own were up today. Spoke with my broker and he suggested they had recently got some new money from the govt super scheme, maybe some buying from Fishers pushed things along
Interesting observation H9 - actually PPL is rising faster than BGR did
Plotting PPL and BGR on a weekly basis from IPO date (ie weeks listed) is pretty scary if you are a PPL shareholder - the lines are tracking each other to date .... but will PPL keep it up
From the chart -
** Both ended ist week after IPO at about 140
** After 20 weeks BGR was 210 and PPL 211
** After 27 weeks (last Fri and the time PPL has been listed) BGR had only increased to 227 while PPL has gone to 257
** BGR got to 275 in week 40 before drifting a bit and got back to 280 in weeks 54 and 55 ... and we know what has happened since as the high expectations were not met
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
forward PE looking as fat as a pumpkin patch kids face 50+ and expanding
Did say at AGM confident that the prospectus forecast of $15.3m full-year net earnings will be comfortably exceeded.
So at $15.3M PE is about 28
Say thay make $20M forward PE is about 21 .... so not too bad
The crunch will come when there are some hiccups on the way - isn't this what this statement from the AGM hinting at 'However the issue I wish to emphasise today - and will continue to highlight at future presentations - is that investors should not necessarily expect our growth to progress in a linear fashion.'
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
another BGR doubled then halved
be careful/watch out
forward PE looking as fat as a pumpkin patch kids face
50+ and expanding
There is a difference between BGR & PPL. Thats why I have PPL and NO BGR.
1. PPL is very successful in NZ & Aussie and England is looking GOOD.
2. BGR is NZ only, limit growth.
3. PPL has wonderful products and marketing. BGR is still wondering around the dark bushes in their marketing.
4. People will always spend money on their kids first.
I agree the PE is very high, but PPL have yet to disappoint the market. Those that got their shares in the IPO is happy as Larry.
This stock shines so bright that it \"Bling Blings\"
This is a real star! Beautiful company, beautiful design, beautiful colour and beautiful material. The Pumpkin Patch stores really capture parents and children’s hearts.
At $2.8 per share and $23m net profit next year, the P/E ratio is 20. It is still cheap for a small fast growing company.
This stock shines so bright that it \"Bling Blings\"
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doubled then halved
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