I figure they will make NPAT about NZ$11.5m in 2017, so that puts them on a forward P/E of 21 or so.
This seems a deserved P/E with their growth profile to me, so maybe they will bottom somewhere here.
To be honest I haven't seen much on screen buying (and not much available to buy either) , the Aussie funds are sitting back I think.
Gosouth
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