Quote Originally Posted by Lizard View Post
Not many shares I've seen with P/E of 8.5, gross yield of 10.7% (at 80cps) and yet predicting profit growth in current conditions.
The problem is that hardly anyone puts any faith in earnings guidance from any company at the moment. Too many companies, in too many markets have been saying 'Oops, we got it wrong'.

Having said that, Skellerup does look like one of the better prospects in the NZ market.