Many events (music festivals, huge stars like Taylor Swift on world tour) and blockbusters this year (Top Gun 2, Avatar 2, Super Mario) and next (Barbie, Oppenheimer, Napoleon and Dune 2).This is very likely to boost revenues and earnings above pre pandemic levels.
TTM PE is 16.1 according to Yahoo finance which is fairly priced imo. FY23 forward darnings are likely to be at least 60% up meaning the PE is going to be closer to 10.
Therefore the upside is high enough that I wouldn't worry about recession for the medium term.I'm therefore initiating a position in EVT.
Many events (music festivals, huge stars like Taylor Swift on...
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Last
$10.71 |
Change
-0.100(0.93%) |
Mkt cap ! $1.737B | |||
| Open | High | Low | Value | Volume |
| $10.81 | $10.90 | $10.70 | $1.569M | 146.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 592 | $10.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.75 | 252 | 1 |
View Market Depth
| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| EVT (ASX) Chart |