share price is has been running away from the book value per share over the last 3 financial years.
there are plus and minuses to high PB
plus: growth confidence in company
minus: share price could tank on negative announcement
IMO i dont want shares in a company that is that over valued.
good luck to CE but if you win im out!
AGO Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held