A PE ratio of 23 - when they have already suggested that the profit is unlikely increase this year - seems far too high.
The half year release comments on the effect of the floods were very cagily worded and based on only 10 days of trading.
Last year WTF released a profit guidance on 20 April. If they do this year I'm expecting a sharp drop in the share price.
I do believe it's a good stock long term though so that may be the time to buy.
