A number of brokers have amended their forecasts for PPE. It is fair to say they have all reduced their 12 month price targets between 10% to 25%. However even after these reductions the targets are well above where the SP is today.
Wilsons $2.80
Ord Minnett $2.89
Petra Capital $3.70
Morgans $4.00
All 4 brokers have PPE on a P/E ratio between 6x - 7x
I have some work to do reconciling underlying and reported and will post something at the end of this week.
I suspect the SP will keep falling and be in 'raging bargain' territory soon. It still looks to be a bargain today.
Cheers....D
Ann: Investor Presentation - FY23 Annual Results, page-32
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Last
90.5¢ |
Change
0.005(0.56%) |
Mkt cap ! $94.01M | |||
| Open | High | Low | Value | Volume |
| 90.0¢ | 90.8¢ | 90.0¢ | $3.647K | 4.046K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 21899 | 90.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 91.0¢ | 8751 | 7 |
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| Last trade - 10.50am 26/07/2024 (20 minute delay) ? |
| PPE (ASX) Chart |