Ann: Powder Production at Capacity to August 2019, page-33

Just expressing a personal point of view here:
I think PEs are a flawed assessment indicator if an investor is looking for high growth. If you look back over the past couple of years at shares that have provided exponential growth they featured PEs that were beyond their actual rate of growth (which has been the common measure) APX, APT, WTC, ALU, A2M, XRO, NEA, JIN are some of the more well known companies. Imagine what opportuniies were lost by people who didn't buy those shares because they had high PEs !!!!!!!!!
The expectation of exceptionally high growth comes at a premium PE above actual rate of growth.
ANO's PE will drop dramatically when the FY2019 profit result is announced and that's when many more funds and investors will recognise what ANO is achieving here. Not many fund managers and investors are searching for comapnies that produce "zinc oxide dispersions and aluminum oxide powders for the personal care sector" - it doesn't have a lot of sex appeal until the FY numbers are announced.
It's nice to be in ahead of that and flying under the radar with average daily traded volumes so low at around only 50,000 shares.