Forum Archive Index - March 2003

[prhughes@value.net.nz]

hi Winner 69

Your comments were interesting especially the bit that growth in 
earnings should be mrrowed in the share price. Makes sense.

As at 31 July 1998 WHS share price was $1.85 and allowing your 
suggested earnings growth of 16% per annum the present price 
should be appx$3.82.

EPS in 2002 was 29 cents per share and give a PE of 14, present 
price should be $4.06.By the way, that is why I have been asking 
about historic PE's. No joy yet.

Yes, I read the postings on the other channel but there seems to 
be disagreement as to whether the price should be a few cents 
over $4 or $4.99. Would this be the suggested Fair Value?

At the present time the support price on Phaedrus's chart of $5.35 
seems relevant and if broken the price of $4.06 may well be 
reached. Far fetched, probably.

I did the calculations in my head so could possibly be a few cents 
out.I am trying to find a quick way to arrive at a Fair Value price. 
What would you use?

Bill



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