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1.32%

77.0¢ advance zinctek limited

You're both right. The growth that has already happened...

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throwerw

493 Posts.

137

21/05/19

18:31

Post #: 38675719
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Originally posted by byebye925: ↑

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.

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You're both right. The growth that has already happened does make the PE seem quite reasonable.
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(20min delay)
Last 77.0¢		Change 0.010(1.32%)		Mkt cap ! $48.08M

Open	High	Low	Value	Volume
77.5¢	77.5¢	77.0¢	$3.292K	4.272K

Buyers (Bids)

No.	Vol.	Price($)
1	5273	77.0¢

Sellers (Offers)

Price($)	Vol.	No.
90.0¢	5250	2

View Market Depth

No.	Vol.	Price($)
1	5273	0.770
1	49122	0.760
1	24	0.730
1	42952	0.720
1	714	0.700

Price($)	Vol.	No.
0.900	5250	2
0.950	5000	1
1.000	11450	2
1.050	5000	1
0.000	0	0

Last trade - 16.10pm 02/10/2024 (20 minute delay)

ANO (ASX) Chart