What's sparked the sell off?
SP is now at a point now, where it expects 2015 FY losses.
If Earnings meets 17.7m forecast, you would get get 7% earnings growth, 13% dividend, and you could reasonably speculate to get 30% PE growth, and that's being fair / conservative (7.5 to 10 PE).
So that's 50% SP upside.
Which means in theory the market is saying, you can have that 50% upside, because there's a downside with the news of slow Like-For-Like Sales and USD decline affecting earnings which could make up a 50% downside.
I don't think the AGM update will be positive, as it's only a month after today's announcements. Hopefully a match in Like-For-Likes is possible so far.
- Forums
- ASX - By Stock
- PGR
- bargain
bargain, page-10
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PGR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & MD
Charles Armstrong
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online