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  1. 02-05-2019, 01:24 PM #11
    Beagle
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    Quote Originally Posted by bull.... View Post
    profit down grade from atl apollo in aus

    https://www.asx.com.au/asxpdf/201905...bm2nhvtdrd.pdf
    Caveat, I don't know the company at all BUT it occurs to me that mid point of guidance at $18.5m is not to bad and not materially different to FY18 at $19.2m.
    The drop today to 65 cents per share puts them on a FY19 PE of just 6.5. This should give THL shareholders cause for very deep thought because at the lower end of guidance THL is forecast to earn just 20 cps so if they were on the same multiple as Apollo (ATL) fair value for THL would be just $1.30 !
    I'd be schooling up on ATL if I were interested in this sector. TA looks shocking for ATL so I'd be looking for a confirmed bottom (as I would be with TA for THL) if I was going fishing in this sector.
    Last edited by Beagle; 02-05-2019 at 01:26 PM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
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