20-16 p/e

I know this has been discussed at some length.
Conservatively bal is forecast to make 30mill Npat for financial year 2016. On close of business today the p.e is approx 39.
The market has not factored in the extent of price increase at this sp. it was 22% over the range but more importantly step 3 was 35.8%.
Secondly the market has not factored in fonterra and the supply it will bring onto the market
thirdly there is no factoring in on the emerging markets.
lastly new products
correct me if i m wrong the sp is priced at the moment for a lacklustre year and thats what makes me excited. any surprises or upgrades will see bal surge. the market hasnt factored in any of the tailwinds at this price.