sp=$28?
Heavy short position from
Campbell Neal from K2 Asset Management is not closing his short position just yet. The fund manager said there was no doubt Domino's is a "beautifully run business", but it was also "ridiculously expensive" because the market had ascribed to it a blistering multiple.
Mr Neal thinks the stock would be more appropriately priced at 18 times 2017-18 earnings.
From the guidance, Underlying NPAT2018 = $142.2m,
If stayed same price, $41.50 on 30/6/18, then the P/E=31.9
If P/E=18 as Mr Neal thinks , Underlying NPAT2018 = $142.2m, the share price has to come down to $23.42, consider the buyback, add $5, then the share price would be $28
Anyone who corrects my calculation will be welcome
I am giving up, page-16
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Last
$32.71 |
Change
-0.440(1.33%) |
Mkt cap ! $2.865B | |||
| Open | High | Low | Value | Volume |
| $33.10 | $33.19 | $32.60 | $3.084M | 93.90K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 22 | $32.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $32.71 | 93 | 5 |
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| Last trade - 12.39pm 04/12/2024 (20 minute delay) ? |
| DMP (ASX) Chart |
