While I always try to avoid taking cues from what share prices are doing at any given point in time, sometimes it is hard not to do so: in this case the way the stock is trading, it looks like the stock is cum- another downgrade.
Because if it isn't, and if management's confidence in "delivering EPS growth in FY2019" proves to be justified, that means the stock is trading on a P/E multiple of just 9.0x (and that is predicated on cyclically depressed earnings in Australia, which represents more than 40% of GAP's sales).
In this regard, when the buyback resumes (and to what extent) will be telling.
Ann: GALE Pacific Announces Updated Earnings Guidance, page-17
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $36.92M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.0¢ | $34.99K | 254.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 71665 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 75763 | 2 |
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| Last trade - 13.16pm 19/11/2024 (20 minute delay) ? |
| GAP (ASX) Chart |