sp=$28?
Heavy short position from
Campbell Neal from K2 Asset Management is not closing his short position just yet. The fund manager said there was no doubt Domino's is a "beautifully run business", but it was also "ridiculously expensive" because the market had ascribed to it a blistering multiple.
Mr Neal thinks the stock would be more appropriately priced at 18 times 2017-18 earnings.
From the guidance, Underlying NPAT2018 = $142.2m,
If stayed same price, $41.50 on 30/6/18, then the P/E=31.9
If P/E=18 as Mr Neal thinks , Underlying NPAT2018 = $142.2m, the share price has to come down to $23.42, consider the buyback, add $5, then the share price would be $28
Anyone who corrects my calculation will be welcome
sp=$28? Heavy short position from Campbell Neal from K2 Asset...
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add DMP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$32.71 |
Change
-0.440(1.33%) |
Mkt cap ! $2.865B | |||
| Open | High | Low | Value | Volume |
| $33.10 | $33.19 | $32.60 | $3.084M | 93.90K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 22 | $32.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $32.71 | 93 | 5 |
View Market Depth
| Last trade - 12.39pm 04/12/2024 (20 minute delay) ? |
| DMP (ASX) Chart |
