Ann: SandP to remove Lihir Gold Ltd from SP/ASX I, page-5

  1. 1,829 Posts.
    re: Ann: ZSP: SandP to remove Lihir Gold Ltd ... Sorry, my previous post meant
    "The share price does not justify the forward earnings even if expectations are met."

    commsec forward earning estimate for 2011 P/E

    TPM 11.8
    IIN 9

    I don't believe TPG would grow faster than iinet in the future to the extent of justify this P/E differentiation.

    Back in January I posted IIN is cheaper than TPM, 8 month later, TPM went backwards by 10% while IIN move up 30%.

    TPM is a great company and is undervalued like half of the share market. However, IIN is cheaper at current prices.

    I currently don't hold either shares.
 
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