re: Ann: Half Yearly Statutory Report and A... Thank you, ZMan, for your views, which were actually similar as mine. I also sold my shares yesterday morning.
I especially noticed that the predicted FY11 e/s in the announcements was "21.7-23.2c/s", which would be only about 4% above last year's 21.5c/s.
This kind of performance cannot justify either the present or the expected p/e value well above 20! I reckon SAI is overpriced by at least 30%.
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Ann: Half Yearly Statutory Report and Accounts , page-4
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