Aussies value growth far more aggressively than kiwis
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Looks like my personal Automatic Teller Machine is still hard out printing money again today.
Can someone point me to a source to explain how these trading bots work. Jeez - they seem to create a heck of a lot of noise with their 1 share here, 1 share there action.
If they do say a conservative $75m this year that's 42 cps so at $9.30 its on a current year PE of 22, (right in line with the market average). Looking ahead with a very clear runway for future growth I think this will grow substantially faster than the average NZX50 stock and I for one would be very surprised if they didn't do at the very least $100m for FY19 so the FY19 PE is just 16, perhaps quite a bit lower if growth surprises on the upside. Clear pathway for growth beyond FY19 too.
Sourced from Synlait thread (SM1) on HC, Bell Potter raises target price to A$10.45...which is about NZ $11.17 based current fx rate.