I was surprised 76% of turnover came from outside NZ.
I brought half the amount I want.
Not sure whether the share price will go up or down???
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I was too. Augers well for further earnings growth with the currency tailwind. Massive turnover of just on seven million shares as I mentioned above, is usually a precursor to a subsequent northwards SP trajectory.
Certainly the metrics are compelling and that's without much of a currency tailwind last year !! Consensus broker estimates before this announcement were for EPS of 12 and 13 cents for the subsequent two years. I'll bet money, (in effect I did today), those forecasts are currently under review :)
A good guide is to look at what David Mair has thought to be value (in his SSH notices). I recall that 3 months or so ago, around the middle of May, he paid 139 a share for 100K shares. Likely he paid more before that. For mine, 128 at the close today represents a bargain. I hold, having started with a buy at 51 in January 2010, when the Jonahs prevailed as they have recently until the result today.
The old dog can smell a feed coming :D Worth noting that before this very encouraging annual result consensus broker valuation was $1.56. Broker Upgrades coming !
http://www.4-traders.com/SKELLERUP-H...638/consensus/
I suppose this is one of the few shares where I got my timing nearly right.
Can't remember exactly when I brought,think it was just over a $1 and sold when the PE was about 17, and growth rate looked to be under 10%.Most probably sold about $1.59. I have had three people I respect, tell me to buy back in.I seriously looked when the sp was $1.39. Yet the sp continued to fall.$1.28 tempted again.$1.18 thank goodness I didn't buy.!!! Then busy today.Quick read result looked good.Then found time for a good read ,and was most impressed.Brought at $1.27.
ps.Part of the reason I brought, is I would like to go to the opening of the new factory, and hopefully have a tour of it.
12.6 x 11.38 cps = $1.43 so you buying Snoopy ?
CEO Director David Mair buys 500,000 yesterday. Nice vote of confidence.