closer to 30 by my calculations based on the Nov forecast to hit the upper end of 65m Earnings and then adding a provision for a devalued AUD currency benefitting them.
Its not a bad P/E 30 and i think there is more value in APX longer term.
but the simple reality is the run up has been too high in a market equally run up. The risk is on the downside and there should be a healthy pull-back.
Holding short positions for the time being and will reconsider a net long position after the announcements. To hold 30 P/E there has to be some exponential growth numbers
Ann: Full Year Earnings Upgrade, page-210
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Last
80.5¢ |
Change
0.015(1.90%) |
Mkt cap ! $179.5M | |||
| Open | High | Low | Value | Volume |
| 82.5¢ | 86.0¢ | 79.0¢ | $9.671M | 11.63M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 341894 | 80.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.0¢ | 13131 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| APX (ASX) Chart |