Whats your target for this break out mate ? And year end target ?
no target just follow the trend now. nz been very slow to follow wall st so maybe some catchup ? now that rotation from tech underway and bottom of int rate cycle will help when it declines next yr.
no target just follow the trend now. nz been very slow to follow wall st so maybe some catchup ? now that rotation from tech underway and bottom of int rate cycle will help when it declines next yr.
Like all blue chip stocks their P/E ratios reach the highest when close to low of the cycle ...which is due to the fact that SP is discounting the inevitable better times ahead ...if it was an enlightened market and level playing field then KFL should have been at premium at the low of the cycle but opposite to conventional wisdom it was at maximum discount of almost 13% at the low of the cycle ...while it was at maximum premium at the top of the cycle ...shows KFL investors and market not getting it right which almost all cyclical and blue chip stocks get it invariably ...
Like all blue chip stocks their P/E ratios reach the highest when close to low of the cycle ...which is due to the fact that SP is discounting the inevitable better times ahead ...if it was an enlightened market and level playing field then KFL should have been at premium at the low of the cycle but opposite to conventional wisdom it was at maximum discount of almost 13% at the low of the cycle ...while it was at maximum premium at the top of the cycle ...shows KFL investors and market not getting it right which almost all cyclical and blue chip stocks get it invariably ...
There have been very few times when KFL, MLN and BRM have traded at a premium so what you are seeing now is quite typical.
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