BLX 0.33% $3.00 beacon lighting group limited

Ann: Trading Update-BLX.AX, page-39

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  1. 16,964 Posts.
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    "Care to share your updated valuation in light of the results?
    FY19 7.4cps
    FY20 6-7cps a reasonable possibility perhaps given weak JH19
    10x P/E still reasonable for you?"



    No, 10x was not cited by me to be "reasonable" value.
    12x or 13x P/E is what I would consider to be reasonable

    10x P/E is what I would be happy to pay for the stock, which would be cheap enough below "reasonable" value as to afford me a level of margin of safety.
 
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