Just expressing a personal point of view here:
I think PEs are a flawed assessment indicator if an investor is looking for high growth. If you look back over the past couple of years at shares that have provided exponential growth they featured PEs that were beyond their actual rate of growth (which has been the common measure) APX, APT, WTC, ALU, A2M, XRO, NEA, JIN are some of the more well known companies. Imagine what opportuniies were lost by people who didn't buy those shares because they had high PEs !!!!!!!!!
The expectation of exceptionally high growth comes at a premium PE above actual rate of growth.
ANO's PE will drop dramatically when the FY2019 profit result is announced and that's when many more funds and investors will recognise what ANO is achieving here. Not many fund managers and investors are searching for comapnies that produce "zinc oxide dispersions and aluminum oxide powders for the personal care sector" - it doesn't have a lot of sex appeal until the FY numbers are announced.
It's nice to be in ahead of that and flying under the radar with average daily traded volumes so low at around only 50,000 shares.
- Forums
- ASX - By Stock
- Ann: Powder Production at Capacity to August 2019
Just expressing a personal point of view here:I think PEs are a...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ANO (ASX) to my watchlist
|
|||||
Last
72.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $44.96M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15872 | 72.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
75.5¢ | 2372 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15872 | 0.720 |
1 | 425 | 0.705 |
1 | 455 | 0.655 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.755 | 2372 | 1 |
0.760 | 1796 | 2 |
0.765 | 1308 | 1 |
0.790 | 500 | 1 |
0.800 | 26001 | 1 |
Last trade - 12.08pm 23/07/2024 (20 minute delay) ? |
Featured News
ANO (ASX) Chart |
Day chart unavailable
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online