Quote:
In my opinion the key to understanding the value embedded within the group is to break it into valuing two segments.
Choose you own PE for Glassons Au which had 27.5 cps earnings last year and eps CAGR of 27% per annum. 30 ? = $8.25
Then choose your PE for the rest of the group (eps 28 cps last year) that has been ostensibly flat for many years. 11 ? = $3.08
Any way you slice and dice it I think the prospects look very encouraging. Short term people who have been lounging around their home in their old duds will have worn out a lot of their old clothes and be keen to freshen up their wardrobe, the young shiny ones will be feeling a tremendous urge to go out "peacocking" and even us crusty old dogs have worn out a lot of their wardrobe and apart from the basics of needing new socks and T shirts and other basic items, wouldn't mind getting something more colorful to celebrate escape from covid prison. Longer term its clear Glassons Austraia has huge scope for ongoing strong growth and then there's America !