thought i would highlight the most important point.
MAIDEN: Local banks are trading at a P/E premium of more than 40 per cent over the UK banks, and more than 20 per cent above the US banks. For that matter, you can buy Wal-Mart for 15 times its expected earnings now, and it will cost you 21 times to get Woolies in Australia. Does that make sense?
my answer: NO!
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Last
8,704.6 |
Change
6.900(0.08%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,697.7 | 8,704.6 | 8,643.5 |
| XJO (ASX) Chart |