A company that doubles it's profit, can't continue to experience a run away, quadrupling, share price... we have to come back down to earth sometime
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Reason being those parties having sold out of til The opposite of post purchase dissonance I guess. As poeple have noticed the large increase are driven by off market purchases while the recent pull back has been largely driven by retail investors. This being said I think trilogy could do themselves a favour by providing an update so the market has some numbers to work off. In the meantime BWX is the proxy on the ASX showing what an asx Listing may do to the sp.
Unless the guidance is for profit to double again
We all knew there would be some profit taking, why freak out when it happens? Tiny volume as well...
Got TIL on a forward PE of 16 based on the current SP on the basis revenue is $120m EBITDA of $27m and NPAT of $16m for FY2017 done the same analysis with BWX and its currently running on PE 26 on revenue $103m EBITDA $31m and NPAT of $20m based on my estimate of FY20173
Would be interested to see others valuations people have done ?
Big 440 chomp on close dragged up the vwap.
Great spike this arvo, $4.46