Some counter information:
- Bank South Pacific trades at 6.8 PE (108 EPS, $7.40 SP) in PNG.
http://www.bsp.com.pg/Investor-Rela...15-AGM-Presentation-to-Shareholders_final.pdf
- Standard and Poor's has high risk ratings of PNG banking risk 8/10, and PNG economy risk 9/10.
http://www.bsp.com.pg/Investor-Rela...Rating-Documents/04-05-15-BSP---BSP-Final.pdf
- Buying PNG companies is 30% more expensive than 12 months ago due to currency moving from 1 Kina costing 47c AUD rather than 37c AUD.
http://www.xe.com/currencycharts/?from=PGK&to=AUD&view=5Y
