re: Ann: Delivers Strong Growth and Record Fi... Pezza, from where did you get a PE of 50?
More like 20. Still highish, but look at the growth in EPS etc. CommSec has a PE of 24, based on the 2011/12 figures. If we update the profit to reflect the 2012 Calendar Yr EPS(up 17% on 2011/12 FY), the PE is closer to 20.