"Realistically, where do we think this SP can end up in a few years? wondering if im to sell out at my profit and invest lower elsewhere. Any info appreciated!"
At >45x P/E, this great result and bringing forward of Revenue targets by one year are already priced in.
As for selling now, it depends on the extent of your capital gain and the tax you'll pay.
If you only became a shareholder recently, then the CGT might not be too bad, and recycling capital into other investments might make sense.
But, if like me, you've been a shareholder for a number of years, it probably doesn't make sense to sell and crystallise the big CGT impost.
I think that, over the next 3 or 4 years, the growth will chew the lofty P/E down to more sensible levels, but I suspect that share price isn't going to do very much between now and then given the eye-watering valuation starting point.
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TNE Price at posting:
$16.17 Sentiment: None Disclosure: Held
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