My neighbours bowling club mates are not happy at moment --- they took their profits on ATM and put it into Turners.
I did remind him the other the they would have been about the same if they had held their ATM ...I made that up to cheer him up a bit.
They are getting wise.
In fact I think they are "well positioned."...…………….
Bet they love the quarterly fully imputed divies as much as I do.
Another one next month.
They are getting wise.
In fact I think they are "well positioned."...…………….
Bet they love the quarterly fully imputed divies as much as I do.
Another one next month.
I have not done much research on SML but the more research I do on ATM the more I think it fits your criteria Perc. It has a growth rate much higher than its PE which Jim slater would like. Also excellent ROE and plenty of cash in the bank.
I have not done much research on SML but the more research I do on ATM the more I think it fits your criteria Perc. It has a growth rate much higher than its PE which Jim slater would like. Also excellent ROE and plenty of cash in the bank.
Most probably suit younger investors than me.
I have been loading up on high fully imputed divided paying shares lately,but I guess I will have to find a home for the increasing divies…………………………...lol.
Average analyst forecast for FY19 (at this stage) is 51.9 cps, to be updated just after the company reports on 19 Sept. At $12.70 that puts SML on a forward FY19 PE of 24.5 times based on this research which may or may not be outdated. This is just a little above the NZX50 forward PE average and this for a company forecast to double its profit this year and grow strongly in the years ahead.
Happy holder and looking forward to the reporting day shortly. This is the top performer of the NZX50 this year with good reason in my opinion.
I think it makes tremendous sense for ATM to try and take over SML at some stage soon and they'll probably have to pay in the late $teens to do it...but what would I know, that's probably my over active imagination at work again....bad dog...go on a holiday and be done with this for a while.
Sep 19th not far away and it will be exciting day I reckon
Looks cheap even at $13.00
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Unless of course you look at that 15% YoY growth to $0.60 eps forecast for FY20;
remember that milk production is a commodity industry;
and think that may be it is only really worth about
$9
Especially it also pays to remember that though $13 is cheap on the way up is very expensive on the way down.
DYOR: But if you want really ludicrous you need to own Keytone Dairy on the ASX
Unless of course you look at that 15% YoY growth to $0.60 eps forecast for FY20;
remember that milk production is a commodity industry;
and think that may be it is only really worth about
$9
Especially it also pays to remember that though $13 is cheap on the way up is very expensive on the way down.
DYOR: But if you want really ludicrous you need to own Keytone Dairy on the ASX
Yes indeed, earnings +100% in F18 and then +25% and then +15% in 2020 could lead to +10% in 2021.
EPS of 66 cents could easily lead to a share price of $9
Better watch that chart closely eh.
Forgot what Mr P said ‘the market giveth but the market also taketh away’
Last edited by winner69; 09-09-2018 at 07:29 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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Originally Posted by percy
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