PET phoslock environmental technologies limited

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2.5¢

Hi Frank 18I too chased the price down, but I have been in the...

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redram

425 Posts.

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29/08/19

17:21

Post #: 40225445
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Originally posted by frank18: ↑

I 100% agree much better title for those of us that prefer to look at the glass half full. I have closed my eyes and added to my position all the way from $1.32 down to last purchase @$1.26 I hope I wont regret it

It is only fair to re-post the contributions of these two posters to reflect on the massive income potential lying ahead for this company:

As @chuk said;
This year's earnings are not important to the market. That's obvious enough. On Newing's estimates this will be on a PE of 38 on next year's earnings and with earnings growth of 100% plus for the next two years and then likely to be very high growth for a number of years thereafter, a PE of 38 on next year's estimates is dirt cheap IMO. Newing probably has the same opinion given his DCF valuation of near $3.

I know the forward earnings are still speculative but it is clear they will grow very strongly for years and I think Newing is being conservative (rightly so until we get more guidance). If he is conservative that just adds to my conviction that this is dirt cheap.

As @Mickem stated;
Hi All
still a long way to go to reach the $80m in sales next year but starting to look promising. in newing report people should also start to take notice on what his projections and therefore pe might be. as he has said if the sales comes in more that $80m ( which to me seem quite possible) then the profit starts changing and by quiet a few percent, also noted was the margin rate, for the last 6 months it was 64% newing figures are at 55%, i believe with starting on big lakes and economies in the factory from increasing production there is no reason to feel this margin will not be maintained. start running the numbers on the $80m at the 64% margin you will see the pe down around 28

thanks
mickem

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Hi Frank 18

I too chased the price down, but I have been in the game a very very very long time. I chased the price down from its float price of about 15 cents down to 2.8c (it went to 2.2 but I wasn't lucky enough to collect at that price).

I wish you all the best and I hope that you regret your decision today as much as I regret my decision to buy at 2.8c. Took me a very long time to not regret it, but I am pretty comfortable with my decision today. Be patient, PET is a very good thing.

Last edited by redram: 29/08/19

PET Price at posting: $1.26 Sentiment: Buy Disclosure: Held
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