Aha! You've found a flaw in my logic, thanks for picking it up. To get eps for the year I added up eps for the first 3 quarters plus my forecast for Q4. But the number of shares on issue increases (quite a lot) throughout the year, so strictly speaking I need to add up earnings and then divide by shares on issue at year end. But yes, whichever way you look at it, pe ratio is in the 13-15 range at these levels. But forward pe for FY16 is of course less.
DDR Price at posting:
$1.89 Sentiment: Buy Disclosure: Held
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