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$94.73 blackmores limited

Agree jogo.If we look at the PE ratio before the "'China Craze"...

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noomxx

7,225 Posts.

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16/08/19

14:37

Post #: 40017651
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Originally posted by jogo: ↑

I am not interested until it gets to a PE of 18 - 19 , because of performance over the past 2 years. At $68 the PE for this year is still 22. There are really deep seated issues with the China trade and competition is also strong in Australasia. Asia other than China has been the standout this year but still not enough to overcome the rest.
On a PE of 18 at this years EPS, we get a SP of $55.65 and so what EPS do people expect to get a SP above that?
It looks like the "smart" money has gone away from BKL and I am inclined to keep it company.

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Agree jogo.
If we look at the PE ratio before the "'China Craze" happened, say Yrs 2009 - 2014 Blackmores traded on a PE band of around 12-20.
If we use the mid point of 16 and multiply it by 2019 EPS of 3.08 = $50 approx.

For me that represents the a starting point. So close to $50 and I will start to take a look.

Last edited by noomxx: 16/08/19

BKL Price at posting: $67.37 Sentiment: None Disclosure: Not Held
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0 Great analysis

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