"thanks for the detailed reply,. so from now on if the POG stays around AUD$2400 it should be up for RRL from now on right, we might see $2.40 again but from now on it should start recovering right?"
That is my opinion, yes. We might see 2,40 when some people realize that AISC is up by AUD 100 (which they should already know if they were studying the quarterly reports) or realize that Regis had to pay considerable fees for the acquisition (which they also should know already). Or we might see 2,40 when gop dips to AUD 2.300 again.
But at current gop I calculate EPS to be substantially above 30 cents/share for FY 2021/2022 and I can´t see any reason why PE should stay way below 10. Even for FY 2020/2021 EPS should be around 20 cents (though that is a bit depending on how the acquisition costs are divided up and accounted for - IFRS 3, IAS 32, IAS 39).
RRL Price at posting:
$2.55 Sentiment: Buy Disclosure: Held
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