I was using consensus forward earnings.
Sales might be increasing, but earnings going backward over the next two years (according to market consensus).
Personally I don't know enough about the profit drivers of the company to give a personal view (hence my reliance on consensus).
However I do know that Markets don't like earnings going backwards, if earnings go backwards there is a high probability that the Market de-rates the stock to lower multiples, hence share price drops.
Ann: Trading update, page-87
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31.5¢ |
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Mkt cap ! $90.36M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 33.0¢ | 31.5¢ | $24.80K | 76.31K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2749 | 31.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 2209 | 2 |
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