Remember this guys - its all 'traders' and cfd traders whom dont have a clue really how to value a company :)
At 1.60, the forward PE on 116mill NPAT (10 increase on last year) and 592mill shares (if the full retail offer is taken up), is 7.5 i.e EPS is 116/532mill shares = 0.218 or say 22cents per share
thats 'forward' PE of 7.5, not historic
how much upside is left after all the traders exit??
What u saying the mkts gonna give it a forward PE of 10 and itll go to $2.20???
Blue chips are trading on forward 10 if that.
Just warning all the traders to be careful out there
TSE Price at posting:
$1.62 Sentiment: None Disclosure: Held
