I find it all a bit weird, 16c EPS for the first half, I would expect the second half to be around the 14c mark as long as there are no major upsets so we are looking at 30c for the year.
I like HVN & think it is a well managed company but over 16 PE is just crazy town numbers in the current macro economic climate.
The first half result is exactly what I expected, what confounds me is my expectation was that the market would react and kick the price back down in the low to mid $3 range.
Oh well, there is accounting for taste & I for one am not going to pay 16 times earnings no matter how much I like the company - I will find another home for my funds.
Good luck to all holders and well done to those who (unlike myself) resisted the urge to take profits at $4
Ann: Results Announcement - 1H FY24, page-10
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Last
$4.85 |
Change
-0.070(1.42%) |
Mkt cap ! $6.043B | |||
| Open | High | Low | Value | Volume |
| $4.92 | $4.92 | $4.83 | $9.624M | 1.979M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2083 | $4.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.86 | 12364 | 3 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| HVN (ASX) Chart |