At another place somebody said www.simplywall.st has the value of Synlait future cash flows at $27.28
Wow
"In short, the circumstances of time, context and perspective are like delicate filaments that connect the economic actor to the world. We risk destroying these filaments with too many aggregates, abstractions and models divorced from reality. " (https://www.econlib.org/library/Columns/y2010/Borderssubjectivity.html)
"In short, the circumstances of time, context and perspective are like delicate filaments that connect the economic actor to the world. We risk destroying these filaments with too many aggregates, abstractions and models divorced from reality. " (https://www.econlib.org/library/Columns/y2010/Borderssubjectivity.html)
Nice quote hector
Some might say that using P/E ratios to ‘value’ stocks is rather abstract and divorced from reality
”When investors are euphoric, they are incapable of recognising euphoria itself “
If the new CEO gave a very conservative growth outlook given it is his first year, it is possible that SML gives an excellent result for the last HY and given the ATM's fantastic result, I don't see why this should not be possible. But I have to admit that ATM's valuation will always be much higher than SML's valuation due to different nature of business.
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