This is a once in a decade opportunity to buy a high-quality company trading on a PE of 22 (FY24) and 18 (FY25) (assuming only a 20% growth in EPS).
Yeah, the macro looks bad but I'm a bottom-up investor. Will immigration levels in Australia revert or potentially even go up in the long-term? Given that we are a country that only generates GDP growth through immigration, and we are the size of the US but have 7% of the population, I'd say it a certain bet.
@euphoria that stat about the company growing revenue in Australia by 33% despite segment shrinking by 17%. You are saying that is a good thing, right? To me that indicates the quality of the business.
Hoping for SP to fall further though, don't have spare cash at the moment.
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$15.89 |
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3246 | $15.79 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.00 | 18415 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 125 | 15.740 |
1 | 63 | 15.680 |
1 | 639 | 15.650 |
1 | 200 | 15.470 |
1 | 55 | 15.400 |
Price($) | Vol. | No. |
---|---|---|
16.000 | 17915 | 3 |
16.080 | 475 | 2 |
16.100 | 1550 | 2 |
16.160 | 100 | 1 |
16.200 | 1 | 1 |
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