Ann: Wellard unaffected by changes to Japan market-WLD.AX, page-17

P/E. most broker estimates are still being modified.

But based on a 35-40m FY16 updated range(my estimate) its EPS is around 8.5-9c. p/e is 7x ish on FY16.

Most stocks valued on Fy17 or even f18 already.

should be around 50m-55m profit range f17, 12-13c eps so p/e is actually 4.5-5x range on f17.

Should be around 60-65m profit range F18, 14-15c eps, so p/e is actually 3.5-4x on f18.

this p/e is a joke.

Even at $1.39 issue price, if f17,f18 met, thats only 9-10x p/e. Market is at 18-20x p/e on most growth stocks already on most f18.

Also the growth is not finished f18, as kelpie isnt their last ship. so this valuation currently is implying very huge downgrades on f16,f17 and f18.