Except it is not a PE anywhere near 10.
Market cap. approx NZD 280mm
Expected FY NPAT Approx NZD 20mm
You need need to read beyond the HY number before you blitthely multiply by 2.
And I have no idea where you got the growth story from? Not huge from what I can see, certainly not volume driven, perhaps some from improved prices.
The negative impact from rising sea temperatures probably doesn’t bode well long term, albeit this year was probably an outlier in that respect.
Perhaps the sp is fully priced given industry risks?
Ann: NZK 1H18 Half Year Results Announcement, page-8
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