You mean you jinxed it mate (Sorry couldn't resist).
I reckon they're dirt cheap. EPS under GAAP is 5.1 cps, normalised excluding gain on sale of operations 3.5 cps for the half so at least 7 cps for the full year.
Further planned efficiency and enhancement strategies should see this increase significantly in FY17 and FY18 and 10 cps is quite possible in due course.
Current year PE normalised profit looks like only 8.4 and with further new initiatives planned I expect the SP to track back towards its NTA of 99 cps over time.
Last edited by Beagle; 15-03-2016 at 11:39 AM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Reply With Quote
(Sorry couldn't resist).
Originally Posted by Jinx
Bookmarks