Heh. Just read the dirty great big earnings revision announcement of about 1 week ago.
So.. assuming that their full year PBT is say 140m - or NPAT of 100m odd...
Current PE is about 5... revised PE would be 700/100 = 7 - still cheap for this company IMHO ... which would have been trading at 20x + not so long ago.
Dividend of some 85c per annum is a good stream if it can be supported - no reason given so far as to why it cant... might drop slightly based on the revised forecast.
and... I would guess a 30m hit on balance sheet in their portfolio is pretty small in context.
...off to read more news.. probably find something that says "dividend suspended" next.. come back here red faced :/
Heh. Just read the dirty great big earnings revision...
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