Think if EPS for 2018 is NZD .25 cents or less then SP wont do much. Think we need EPS say 26/27/28 cents plus bullish outlook for SP to move up. If there is 10 years material growth then SP could be worth heaps over time.
Think Goldmans PT of NZD 12.20 looks about right if 2018 EPS is .25.
Good luck for tomorrow.
thoughts on SP tomorrow??, page-8
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