Ann: Hansen Technologies FY18 Trading Update, page-20

Hi tdubs,
Does not the guidance from HSN include Enoro earnings and so we can take their figures in the announcement as including those?
With a 24% increase in eps (from 14.9c for 2017) and the closing share price of 317c then I get a PE of 17.2 going forward.
Of course the statutory eps based on NPAT will be lower and the company has already said that it excluded any amortisation of acquired intangibles (principally goodwill, I would expect).
Whether that is an acceptable PE for flat earnings going forward for the next 12 months is the question.
I think the PE may need to lessen a bit further yet to become an attractive buy.