lol if the company going to sacrifice some growth for margin the pe would be more likely to re rate down as the market adjusts future growth to lower rates
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t_j’s mate Chelsea quoted in stuff yesterday
Chelsea Leadbetter, senior equity analyst at Forsyth Barr, said it was difficult to know the fulls ins and outs, "but having Geoff [Babidge] back is obviously a good thing".Analysts had struggled to understand some of the strategic comments coming out of the company.
Chelsea (and others) have not been doing their job properly
https://www.stuff.co.nz/business/118...-18month-reign
No wonder she looks smug, shareholders have been thoroughly "milked".
Repeat:
Jane joined on 16 July 2018 when ATM's sp was $10.75 - it is now $14.62, was $15.15 before the shock announcement.
That's 36% up or $2.92 billion increase in market capitalization since she took the helm.
Contrary to whatever others may think, I think she deserved every cent of what she was paid - it is less than 1% of the wealth created under her term.