Seems like a hidden downramp to me. That 38 times is backward looking doesn't include current earnings and doesn't include cash and value of the equity holding in Synlait.
On this basis the pe is more like 22.
AFR - what we learned from Feb 20's earnings., page-2
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Last
$5.72 |
Change
-0.010(0.17%) |
Mkt cap ! $3.808B | |||
| Open | High | Low | Value | Volume |
| $5.73 | $5.75 | $5.68 | $3.318M | 580.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 13511 | $5.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.72 | 2051 | 8 |
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| Last trade - 14.19pm 29/11/2024 (20 minute delay) ? |
| A2M (ASX) Chart |
