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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$14.28 |
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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No. | Vol. | Price($) |
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1 | 2891 | 14.180 |
3 | 4462 | 14.160 |
1 | 11670 | 14.150 |
4 | 5411 | 14.140 |
Price($) | Vol. | No. |
---|---|---|
14.290 | 2891 | 1 |
14.310 | 2891 | 1 |
14.320 | 11670 | 1 |
14.330 | 5411 | 2 |
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