Bravo, great observations there. I completely missed that this...

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Alex.shipway

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12/12/24

11:59

Post #: 77015587
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Originally posted by madamswer: ↑

"This is the best bottom draw stock that everyone needs in their portfolio."

[You know things are getting frothy when you read that kind of thing.]

The best stock for the bottom drawer is a company which this year will make not even $150m in NPAT [*], but which is capitalised at almost $10bn, i.e., a P/E of almost 70x ?

Not sure how that creates wealth.
Does the multiple scoot up to 80x or 90x?
Or does the it somehow hold onto 70x and the share price grows in line with EPS growth?

Not sure I'd bank on either of those outcomes.

[*] via the use of accounting treatment which is not exactly conservative, at that.

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Bravo, great observations there. I completely missed that this is trading on a high multiple.

It's been called a bottom draw stock for many years now, so those people have missed over 100% upside.
I think thats how wealth is created.

Oh, not to mention the expansion overseas too.
CAGR of earnings over the last 7 years or so of over 12%.

It might be expensive, but its a damn good company.

TNE Price at posting: $30.29 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $40.94		Change 0.440(1.09%)		Mkt cap ! $13.37B

Open	High	Low	Value	Volume
$40.62	$40.96	$40.46	$4.452M	109.2K

Buyers (Bids)

No.	Vol.	Price($)
3	15	$40.93

Sellers (Offers)

Price($)	Vol.	No.
$40.94	18	1

View Market Depth

No.	Vol.	Price($)
29	884	40.890
9	224	40.880
9	260	40.870
10	339	40.860
20	848	40.850

Price($)	Vol.	No.
40.910	273	10
40.920	105	3
40.930	171	4
40.940	121	2
40.950	25	1

Last trade - 11.54am 17/06/2025 (20 minute delay)

TNE (ASX) Chart

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