high expense would be only one aspect, the other is the revenue estimate is lower than expectation. simply saying, if the growth rate was not high enough, then the share can not be justified to trade at such high PE. at the moment, fair PE should be around 40 with MC around 8billion NZD. But if the growth rate continues to slow down, then the PE will get back to be around 28. only if next year, the growth rate could match this year's growth rate, then the share could be traded over PE40+ again. IMO.
Ann: Trading Update and FY18 Outlook, page-60
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$5.59 |
Change
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Mkt cap ! $4.041B | |||
| Open | High | Low | Value | Volume |
| $5.67 | $5.68 | $5.58 | $14.79M | 2.642M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38098 | $5.59 |
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| Price($) | Vol. | No. |
|---|---|---|
| $5.62 | 2000 | 1 |
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