P/E too high, FY19 profit growth rate=0, page-18

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    Aus Unemployment steady at 5.4%.

    Jobs abound out there and Seek will continue to benefit.

    Coupled with this are offshore investments providing the strong growth thematic.

    SP is quite variable over the short term providing some great entry points, but the longer trends have been very good with a 10 year growth rate of 18%.
 
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