GAP 3.70% 14.0¢ gale pacific limited

Peter The expected modest growth is for the first half only...

  1. 20,531 Posts.
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    Peter
    The expected modest growth is for the first half only which is pretty good considering masters impact. With the expectation of a stronger second half. the stock is trading on a PE of 10, doesn't not reflect quality of the business and earnings growth so far . That PE is very low for a stock which has exhibited such stable earnings and profit growth and will see costs fall over the next 1-2 years.

    I have accumulated a sizeable position and I remain comfortable this will do well on a total return basis within the next 2 years
 
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