|
Printable version |
From: | "tennyson@caverock.net.nz" <tennyson@caverock.net.nz> |
Date: | Thu, 20 Feb 2003 22:36:16 +0000 |
Hi winner69, > >Published PE ratios are notorious for their variability - use with >care. > >However I hope the PEs used by Snoopy aren't right - else the NZ >market is way overheated and due for a collapse of major >proportions. > > Yes some of those figures did not look at all right, did they winner69? I took the P/E figures from here: http://www.globalregister.co.nz/share2.asp > > For Bill's exercise and using Datex numbers four stocks pick > themselves on both the lowest PEs and highest dividend yields - FBU > (PE 9.4 and Div 7.2%) FPH (13.5 and 7.3%) SKC (18.0 and 6.8%) and > TEL (12.8 and 6.6%). All these four are in both the 5 lowest PEs and > 5 highest dividend yield. > Yes, those figures seem more sensible. I have a higher yield for SKC, but perhaps that includes the special 'extra' dividend they paid last year? That TEL P/E of 12.8 sounds about right if you discount the near billion dollar write down of AAPT. > > The 5th selection either CAH (17.1 and 4.1%) being the other low PE > contender or CEN (25.0 and 7.6%) being the other dividend yield > contender. > > As the theory seems more value (or dog) biased have to go for CAH > > Bills portfolio would then have to be FBU FPH SKC TEL and CAH > As opposed to what I suggested: CEN, FPH, SKC, TEL and CAH Not a huge difference after all that! > > Snoopy - NGC seems to have fallen off the NZ10 sometime. FBU is now > on > I was going off the latest TENZ annual report as found on the web, so yes I accept it may be out of date. FBU has certainly had a spectacular rise over the last year, so it could easily have knocked NGC off the top ten. I wonder how much of the rise in the share price of FBU is due to index fund buying? SNOOPY --------------------------------- Message sent by Snoopy e-mail tennyson@caverock.net.nz on Pegasus Mail version 2.55 ---------------------------------- "You can tell me I'm wrong twice, but that still only makes me wrong once." ---------------------------------------------------------------------------- To remove yourself from this list, please use the form at http://www.sharechat.co.nz/chat/forum/
References
|