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  1. #226
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    I know it's XD but the share price appears to on the slide.Anyone with a possible explanation.Seems to be a good time to buy but the next divie will be 12 months away.

  2. #227
    percy
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    Weak property market means they face headwinds for the foreseeable future..

  3. #228
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by beetills View Post
    I know it's XD but the share price appears to on the slide.Anyone with a possible explanation.Seems to be a good time to buy but the next divie will be 12 months away.
    PE below 6 (based on last years 12.1 cents EPS); Even if they don't manage to grow last years EPS (which they did so far every year for the last 8 years) - this is a good price.

    Even if sales activity would deliver next year only half of last years earnings (and there is no indicator showing that), they would still have a healthy PE .

    Ah yes, and NTA per share (based on their property at buy in price) is already 76 cents. Current valuation of their landbank is above $1 per share.

    However - they are clearly a stock with low liquidity. Not good if an investor needs to sell them in a phase like now.
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

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