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$49.43 aristocrat leisure limited

Access, wholeheartedly agree mate. In these environments with...

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Investeddy1

114 Posts.

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17/06/22

14:02

Post #: 62057555
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Originally posted by Access2020: ↑

Fair points re bear market but in my experience that’s a great time to fill your boots with quality stocks.

With regards to your PE calculation. The FY is almost finished so it’s more appropriate to look at this on FY23 earnings.

Consensus EPS estimates are $1.86. On say a $31.50 SP that gives me a PE of 17x. That’s sitting at two standard deviations below the LT historical average, so on weight of numbers that’s a great place to be buying - IMO.

Finally, we’ve spent maybe $70m of $500m of the buyback. That’s a lot of fire power left to support the SP.

While it’s almost impossible to pick any bottoms I typically buy in tranches. Will get my next lot under $31 then at $30 etc. More than happy to dollar cost average here.

Will it go lower, who knows but I’m happy at this level based on the information I have.

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Access, wholeheartedly agree mate. In these environments with quality stocks, continuing to DCA (dollar cost average) further is a strategy that will more than likely not pay off in the medium/long term.

All the best

ALL Price at posting: $31.56 Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last $49.43		Change -0.590(1.18%)		Mkt cap ! $31.25B

Open	High	Low	Value	Volume
$49.25	$49.70	$48.80	$70.45M	1.430M

Buyers (Bids)

No.	Vol.	Price($)
2	6794	$49.30

Sellers (Offers)

Price($)	Vol.	No.
$49.43	3916	2

View Market Depth

No.	Vol.	Price($)
1	25	49.250
1	11551	49.210
1	2511	49.170
1	2263	49.140
1	1310	49.110

Price($)	Vol.	No.
49.500	2920	1
49.580	449	2
49.700	200	1
50.000	2232	5
50.040	22	1

Last trade - 16.10pm 27/06/2024 (20 minute delay)

ALL (ASX) Chart