Australia's largest stock trading and investment forum Australia's #1 stock forum

SP1

Click for more information

0.00%

$1.07 southern cross payments ltd

I get your point, however Facebook's PE was around 2500 and only...

First 30 Last

Share
Profile

Follow
Mini650

237 Posts.

8

04/09/17

19:31

Post #: 26989323
Share

Originally posted by michaelhp ↑

not self professed genius - just easily annoyed by people on here (not aimed at you) who feel that if their favourite stock doesn't bounce 20% because a 300k deal was announced, it must be sinister manipulation.

Perhaps the real reason is that a market cap of A$100m+ needs to be justified by earnings, or forward looking earnings.

This is a good little business, but it loses money. Once it makes money it may be reweighted, but that would need (as an example) earnings of A$2.5mln to show a PE of 40 x (that is where FaceBook is valued).

Expand

I get your point, however Facebook's PE was around 2500 and only dropped to circa 40 in 2014..

I don't think ISX is far off $2.5m in earnings given their growth rate.

Anyway I'm happy for the SP to rise slowly.

ISX Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor

MMI

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

Trump is President Again: What Does This Mean for Crypto?

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

There are more pages in this discussion • 13 more messages in this thread...

First 30 Last

Add SP1 (ASX) to my watchlist