From what I can tell the 200x PE is coming from Commsec (as an automated calculation) and it comes about from using the June 2017 statutory EPS number, which was only 3.6 cps, instead of the pro-forma EPS. The statutory number was hit by the overhang of IPO costs. If you use the pro-forma EPS it basically doubles.
And of course that's from June last year which is well out of date for such a fast-growing business as KGN.
Half year EPS just posted was 8.9c. If you annualise that (ie assume no further growth this half) then it would be 17.8c which is PE of under 50 by today's price.
Suffice to say if a poster doesn't do enough research to work that out when they announce a sentiment to short KGN, we probably don't have too much to worry about - they're probably not a New York hedge fund.
From what I can tell the 200x PE is coming from Commsec (as an...
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Last
$4.43 |
Change
-0.040(0.89%) |
Mkt cap ! $446.6M | |||
| Open | High | Low | Value | Volume |
| $4.47 | $4.49 | $4.40 | $3.855M | 870.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 999 | $4.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.44 | 339 | 1 |
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| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| KGN (ASX) Chart |