fwiw Ingenia Group on the ASX has upgraded their guidance. IMO There doesn't even seem to be any goodwill in the current SP from any future Australian business. Let's hope Paul Morris does a good job over there.
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fwiw Ingenia Group on the ASX has upgraded their guidance. IMO There doesn't even seem to be any goodwill in the current SP from any future Australian business. Let's hope Paul Morris does a good job over there.
If they can do $100m underlying earnings for the year ended 31/12/2018 that's just on 45 cps and a forward PE of 17.5 and that for a company with average compound growth of 45% since listing six years ago. PEG ratio of just 0.39 based on 6 years of growth data. Perhaps the most attractive PEG ratio on the NZX ? Some analysts think the NZX as a whole is currently trading on about 24 times forward earnings. With SUM's truly outstanding track record of growth why should it trade on a forward multiple of less than the market average ?
I don't think I'll be packing my bags for the Auckland Islands anytime soon :D
OCA is cheap for two reasons. 1. It is a very young company with little history upon which to judge its track record. 2. There is a MASSIVE stock overhang waiting in the wings. Neither of those issues will be fixed quickly. Disc: Hold SUM, OCA and RYM in descending order of portfolio allocation. Looking to add to all three.
Got my Sum Magazine a few weeks back. Good wee read. But then I got my RYM Annual Report in the mail yesterday - jeez - now that is a read and a half. Maybe a bit of inter-industry competition on who can produce most magazine content for shareholders.