GLB 0.69% $2.87 globe international limited

Ann: COMPANY ANNOUNCEMENT - HALF YEAR RESULTS, page-3

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    What a great result from the Globe team in what is a pretty tough retail market. They will probably do a little better in the 2nd half as more hardgoods are sold in the Northern summer time sales. Will probably end up around $6mil NPAT for the full year which will be a PE of 7 at current price. If they sell at the same PE as other retailers the price should be around $3.00 at a minimum. Happy to keep buying at these prices.
 
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