FRI 1.19% 85.0¢ finbar group limited

Ann: Finbar Reports $21m Operating Profit and $8m NPAT in FY16-FRI.AX, page-2

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  1. 3,249 Posts.
    lightbulb Created with Sketch. 23
    Thoughts anyone?

    NPAT of $8m... on a 192m market cap / 8m - rough 24 P/E ratio.

    Obviously ignores the pipeline and lack of settlements biting into it during the financial year passed.

    Think the bottom is starting to form but still hard to see if this will head into the 70s after churning at 80s.

    Think they will continue to plod on with the pipeline so averaging down over the next year or two if it continues to go down may be a plausible timing approach, particularly if I view it as one day returning to the $1+ days (surely?).
 
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