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Profit Warning NPN

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KJR
Frequent Contributor
Latest Sens announcement of earnings per share to fall by 40%-50%
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7 REPLIES 7
john_1
Super Contributor
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dbm
Frequent Contributor
Thanks Rakem I went short on SSF's. The share is going to come off IMO
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Not applicable
Come guys, read the sens properly. Naspers made a huge windfall profit in 2009 when they sold their greek pay tv business - which accounted for above normal earnings per share. This year, they are reporting a 40% drop, because of the 2009 exceptional item. Core earnings are up 15%-25%, which is in line with analyst expectations and puts them on a forward PE of around 20. Still expensive, but not out of whack for a growth stock. Definitely huge risk for a short position though, especially considering the price drop already experienced.
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kwagga
Super Contributor
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DEP
Super Contributor
Cancel DSTV - move to TopTV, go short NPN.
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DEP
Super Contributor
Cancel DSTV - move to TopTV, go short NPN.
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3JN2
Frequent Contributor
Something daft here. Capital receipts are not Revenue / Profit receipts. Can't mix the two, although seems to be becoming common practice.
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