NOU 6.38% 11.0¢ noumi limited

Be patient for bounce, page-66

  1. 488 Posts.
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    The report makes for good reading

    Key points:
    - total revenue to near $1b by 2023
    - net earnings jump from 24m this fy to 50m fy20
    - eps from 9 cents to 20 next year
    - investment in uht and nutritionals will triple in 3 years
    - they don’t believe cereals and snacks division has reached maturity and see more growth in the health food category 
    - upside target of $11.70
    - a recent pe de-rate provides an attractive buying opportunity relative to its strong growth outlook trading 25% below its 5-year average multiple 

    if anyone wants the full report in PDF try emailing [email protected]
 
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