Brian reckons unless most nz companies (at least the bigger ones) start pulling their socks up and do better the nzx50 at 5000 might be our lot
A common moan of mine eh .....a lot of those mentioned tout growth and fantastic things to come but at the end if the day it's all talk. Just as well recent market sentiment has been so positive else the nzx50 would have been closer to 4000 than 5000
It will take a 53% rise from current levels for the NZSX50 to regain its 2007 peaks. I am pleased to be able to report that this will happen at 2.15 pm on 19/12/2011.
Naturally, such a confident assertion rests on a couple of minor assumptions :-
(1) The bottom of the Bear market was reached on 3/3/09.
(2) The subsequent recovery will be at the usual 20% per annum.
Mr P got the general trend right many years
NZX50 fell 44% between July 07 to March 09
It took to Mar 13 to get back to the previous high. That 80% recovery took 4 years A bit longer than Mr P thought)
Since then over the last year another 15% to just under 5000
So just over double what it was 5 years ago
That's our view of the world - half cycles can often cloud the real picture
Whatever in very rough terms Mr P and his 20% pa figure was pretty close
Let me know where you work, ill make sure Sparky is there dressed up in his best attire to throw confetti at you and pop the corks on the 1999 chateau neuf de boublie
Is someone able to let me know what the fwd PE of the NZSE 50 is?
Or alternatively, if a business with these metrics listed on the NZSE, what multiples it would expect to trade at?
"For the year ended 31 December 2013, the consolidated pro forma unaudited revenue of the combined Intueri and Quantum Education Groups is expected to be between NZ$60m and NZ$62m and pro forma unaudited earnings before interest and tax is expected to be between NZ$19m and NZ$21m"
Let me know where you work, ill make sure Sparky is there dressed up in his best attire to throw confetti at you and pop the corks on the 1999 chateau neuf de boublie
Sparky wears a tux 24/7 has replaced the Glock with a Gillette mk 007 in one pocket and a good to go "shaken as you're driven" martini mix in the other pocket.
THanks Moosie, Mac. So pretty much in line with the ASX
AWN on the ASX may possibly be listing NZ's largest private training group. Should be a pretty attractive asset with 26 campuses (teaching tourism, cooking, hairdressing, hospitality etc) and international enrolements up 33% over the past 6 months
I was just trying to get a feel as to how it will be priced if listed on the NZX
Originally Posted by moosie_900
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