Crikey.
If my forecasts for 2019 are right, this puts PEA on a current P/E of 15.5 and EV/EBITDA 7.5. More than full enough for a capital-intensive business that, however well it is managed, doesn't have great scalability and can't fund its growth from free cash flow.
Happy to take the money and a whacking great tax bill this time next year.
Crikey.If my forecasts for 2019 are right, this puts PEA on a...
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