Well, at a guess, that might infer two things?
1. Investors are prepared to pay up big for exposure to foreign earnings. (Similar reaction today to CTD result - similar market cap and global business)
2. Companies prepared to invest in their people, products and processes and have astute management - are not overly common on the ASX, and highly sought after.
But, alas as we know, eye watering valuations are all relative. Appen has a market cap similar to BRG, but annual earnings are expected to be much less than BRG, about $45m when results come out Monday.
News: BRG Breville Group Says HY Net Profit After Income Tax Attributable Up 19.7% To $43.5 Million, page-8
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Last
$33.00 |
Change
0.490(1.51%) |
Mkt cap ! $5.010B | |||
| Open | High | Low | Value | Volume |
| $32.78 | $33.22 | $32.78 | $10.22M | 309.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 7643 | $32.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.05 | 1626 | 1 |
View Market Depth
| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| BRG (ASX) Chart |
