CCP 1.77% $14.38 credit corp group limited

You have to joking right ?It had a trailing PE if 10 just issued...

  1. 4,261 Posts.
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    You have to joking right ?

    It had a trailing PE if 10 just issued a profit warning so now you say it should trade on a forward PE of 50.

    If it maintained its previous PE it would be trading at $3

    Thats not allowing for the other $11 million they intend to write off

    To justify present PE they are going to need to make $100 million NPAT next year and reading the statement there is absolutely no chance of that.

    Marker sentiment is keeping the price supported but that won't last forever
 
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