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4.62% $2.48 globe international limited

What a great result from the Globe team in what is a pretty...

  1. Fike
    1,237 Posts.
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    23/02/16
    15:57
    Post #: 17094730
    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.
    GLB Price at posting: $1.16 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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