Cheese, I also buy on fundamentals, but to me the nta figure is irrelevant and the div yield is a very minor part of my appraisal; nta is of use only if one wishes to break-up the company or value a property company; many service companies have minimum nta yet are very profitable because their principal revenue-earning asset is not in the balance sheet ie employees.
The eps and growth in eps are by far the principal factors in setting the price.
I also look at gearing to make sure that won't cause a problem; and the growth in sales/debtors to make sure that debtors aren't growing faster than sales; and intangibles to see if sales growth has followed the purchase.
Everything else is interesting, but has minimal if any effect on price.
- Forums
- ASX - By Stock
- good fundamentals, what am i missing
Cheese, I also buy on fundamentals, but to me the nta figure is...
Add STS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online