Thoughts on FY18 Madamswer?
I make it FY17 eps of 4.7c and at current SP of 55.5c it is batting a PE of 11.8 which is bang on its median PE over the last ten years.
Cheetham has put a glow on a crappy FY17 result by getting us to focus on the future. But with an AUD approaching 80c I don't see much of a solid improvement. All we have is a "trust me, our R&D will deliver on exciting new products".
Sorry I cannot see much to cheer about here other than it is a very solid company financially.
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