Regional PNG it not quite similar to regional Australia. You will struggle to find grid connected electricity supply in regional PNG (13% of the population connected to the grid), much less a good internet connection for ebanking (4G population coverage circa 20-30%).
IMO, this additional tax whilst extremely unfair is not a death knell for BFL and given their market position they should be able to tweak some things to recover some of this additional tax cost. The P/E ratio before the tax is 5.3x and after the tax it is still only 6.5x. Still cheap as chips.
If the government loses the current elections, there is a chance this tax will be tossed out by the new govt.
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Open | High | Low | Value | Volume |
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1 | 48 | 6.350 |
1 | 1000 | 6.340 |
1 | 190 | 6.320 |
1 | 250 | 6.250 |
Price($) | Vol. | No. |
---|---|---|
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6.490 | 3400 | 1 |
6.500 | 2000 | 1 |
6.550 | 7517 | 1 |
6.850 | 271 | 1 |
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