Originally Posted by
winner69
I was swayed by the accountants 64 cps for FY16.
Know he was getting a bit excited, the adrenalin from asking so many great questions was still in his veins.
So I discounted by 10% which gives 58 cents
As mo keeps reminding us the more AIR make the lower the PE (cyclical see).
Heeding that advice I reckon Rogers 10 or11 is far too high at this point in the cycle. Te way Roger is going it will be 12 tomorrow. Never mind, I reckon a PE of 7 would be about right at this point in the cycle when excessive profits are being made.
So 58 X 7 is $4.06 .......as the 58 cps is in the bank the share price should follow earnings as Percy keeps reminding us and reach that 4 bucks pretty soon. Even a PE of 6 gives close to $3.50. No risk here methinks
Yep, $2.60 odd to $4.00 in less than a year is pretty good eh. Amazing really
Praying no plane crash tonight