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26-04-2019, 08:51 AM
#12851
Originally Posted by Left field
Crikey! At current prices ATM now a '30 bagger' on my original purchase price at 53c!
Attachment 10497
This doesn't include a few trades over the years to 'free-hold' my holding, and ATM remains at 60% of my portfolio.
Absolutely fantastic.
Holding all the way.
Well done.
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26-04-2019, 10:03 AM
#12852
Member
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26-04-2019, 10:05 AM
#12853
Member
Originally Posted by Beagle
WOW you're on fire Coutts. I remember we talked about your entry in to BAL just before Easter at about $9.50.
The milk companies (excl SML) are on FIRE! Just as well Fisher funds have HEAPS so I'm happy too.
Hi Beagle
What is current PE? read some where talking about 80 something ...........
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26-04-2019, 10:39 AM
#12854
Originally Posted by nzsharetrade
Hi Beagle
What is current PE? read some where talking about 80 something ...........
Absolutely. You buy a share with a 2018 earnings of 27 cents for $16.48. Well, that's not a PE of 80 but above 60. Obviously - the only way to justify this share price is if you assume strong and sustainable growth for many years to come.
Put the historic CAGR of roughly 50 and the forecasted earnings into the Grahams formula, than the share is worth close to $50. But than - it is much easier to grow a company from $62 m revenue (in 2012) to $922m than to grow it in the same timeframe from $922m to $13.7b.
Which means - growth will inevitably slow down. The multi billion dollar question is - how fast and by how much? Depending on the answer to this question is ATM at the moment cheap or dear.
Ah yes - and don't forget - XRO has (based on 2018 earnings as well as on 2019 predictions) still a negative PE ... :
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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26-04-2019, 11:11 AM
#12855
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26-04-2019, 11:46 AM
#12856
Originally Posted by BlackPeter
Absolutely. You buy a share with a 2018 earnings of 27 cents for $16.48. Well, that's not a PE of 80 but above 60. Obviously - the only way to justify this share price is if you assume strong and sustainable growth for many years to come.
Put the historic CAGR of roughly 50 and the forecasted earnings into the Grahams formula, than the share is worth close to $50. But than - it is much easier to grow a company from $62 m revenue (in 2012) to $922m than to grow it in the same timeframe from $922m to $13.7b.
Which means - growth will inevitably slow down. The multi billion dollar question is - how fast and by how much? Depending on the answer to this question is ATM at the moment cheap or dear.
Ah yes - and don't forget - XRO has (based on 2018 earnings as well as on 2019 predictions) still a negative PE ... :
Think long term BP
Todays price whatever it is is just one point in time as it inevitably climbs to $50 and then $100 and so on
A2 didn’t become the next Danone in a day
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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26-04-2019, 01:53 PM
#12857
NZ export earnings at all-time high as China trade booms..
http://nzh.tw/12225438
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26-04-2019, 02:31 PM
#12858
Hey winner I got back on the BAL horse but still patiently waiting for a remount of this stallion(Probably around mid May I reckon) PS- Since 15/1/2015 only 15 posts on the ASX BAL thread and 4 of those are our recent ones winner now that's a dead horse aye.
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26-04-2019, 02:33 PM
#12859
Originally Posted by sb9
And this from Statistics NZ...... what's that saying? "A high tide floats all ships...especially the the good ship ATM."
Dairy products lead rise in exports
Exports of dairy products led the rise in exports, up $264 million (22 percent) to $1.4 billion in March 2019.
This rise was led by milk powder, up $226 million on a year earlier. The rise was quantity-led, but unit values also rose, up 6.5 percent on March 2018. There were contrasting movements in other dairy commodities: the value of cheese exports rose $42 million, while butter exports fell, also by $42 million.
Other main contributors to the rise in total exports were meat and edible offal, food preparations (a commodity group that includes infant formula), forestry products, and fruit.
Of our main export markets, China had the largest increase, up $522 million (52 percent) to $1.5 billion.
“Exports to China were the leading contributor to increases in several primary sector commodities including dairy products, beef, lamb, and forestry products,” Mr Islam said.
Last edited by Leftfield; 26-04-2019 at 02:49 PM.
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26-04-2019, 02:42 PM
#12860
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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