woollydog
"given the now growing profits and dividends surely a PE ratio higher than 9 is justified"
dividends not growing. they are are being reduced to 50% of eps. to repay its currently large debt. refer to previous company announcements.
what pe ratio did you use in your valuation. I used pe = 10.0 ?? in mine - not 9.
GK
woollydog "given the now growing profits and dividends surely a...
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