That's one theory. I have another one. I think there are a lot of holders that have become enamored with the company for the value its created for them and will simply stick with what they are attached too and comfortable with.
Hi guys, first time poster and certainly a beginner. I've been reading the RYM thread and SUM thread. It seems that the PE ratios many of you quote are much higher than what the ANZ trading platform quotes. I think this might be because you're using Underlying Profit to calculate EPS whereas perhaps ANZ is using Reported Net Profit After Tax. Not sure, but it confuses me a bit why ANZ would use something that gives such a different PE to what many of you would use. Would anyone be kind enough to take a minute to explain? Thanks, Tiddly
Just had a look at the chart over the last few months, what a thing of beauty and even though I don't currently hold any one must always admire beauty.
Originally Posted by Beagle
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