Hey Eric
I saw it on the Westpac Broking site - and it will be on teh ASX one - or whoever you trade thru. It was early to mid September..and fair chance it will be on the website. I'll see if i can get it and cut and paste it here....
I worked out the P/e by using the forward contract amounts (5 years) at US$490M = $AUD740M annualised by 5 = $148M p.a. Market cap presently $240M. 240m dividied by $148M is approx 1.62...figures are rough - but not too rough. RE basket price @ $12.50 - Contratcs have a floor but no ceiling price.
Philh9 - Spot on with your assessments. Hold your nerve and be rewarded. Sell now and kick yourself when they go back...as they will.
Regards
GH
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Open | High | Low | Value | Volume |
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8 | 33337 | 6.150 |
2 | 30755 | 6.140 |
2 | 18811 | 6.130 |
1 | 34 | 6.100 |
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