Because their historical ROE doesn't mean much to me looking forward. They have also raised capital making it even less applicable.
I also use the average of the last two financial years equity figures to calculate ROE...ala Roger Montgomery's method.
I actually worked my estimate of FY11's ROE at just over 5% but gave them some leeway to 7.5% given I believe they may outperform. It all comes down to expectations of this years profit. I should mention that these figures are my expectations for FY11 and FY12 intrinsic value.
Because their historical ROE doesn't mean much to me looking...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$1.91 |
Change
0.010(0.53%) |
Mkt cap ! $1.176B | |||
| Open | High | Low | Value | Volume |
| $1.91 | $1.91 | $1.89 | $2.632M | 1.381M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15504 | $1.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.92 | 63558 | 2 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| SSM (ASX) Chart |