PGR 0.00% 5.6¢ the pas group limited

bargain, page-10

  1. 599 Posts.
    What's sparked the sell off?

    SP is now at a point now, where it expects 2015 FY losses.

    If Earnings meets 17.7m forecast, you would get get 7% earnings growth, 13% dividend, and you could reasonably speculate to get 30% PE growth, and that's being fair / conservative (7.5 to 10 PE).

    So that's 50% SP upside.

    Which means in theory the market is saying, you can have that 50% upside, because there's a downside with the news of slow Like-For-Like Sales and USD decline affecting earnings which could make up a 50% downside.

    I don't think the AGM update will be positive, as it's only a month after today's announcements. Hopefully a match in Like-For-Likes is possible so far.
 
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