Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

Community

Share knowledge. Find answers. Ask questions.

Online Share Trading

Engage and learn about markets and trading online

Aspen

Reply
Highlighted
Regular Contributor
Trading Update released on Fri. Looks terrible,10-15% increase in heps. R300 fair value ?
0 Kudos
Reply
16 REPLIES 16
Highlighted
Super Contributor
and Aspen best performer today, up 2.3%.
0 Kudos
Reply
Highlighted
Super Contributor
JulzM, if 10-15% increase is terrible, what were you looking for?
0 Kudos
Reply
Highlighted
Super Contributor
For a share on a PE of 30, the increase in earnings isn't great. I personally think the share is overvalued even at these levels, R300 and lower I would look at it.
0 Kudos
Reply
Highlighted
Regular Contributor
20-25% earning is what i was looking for
0 Kudos
Reply
Highlighted
Super Contributor
0 Kudos
Reply
Highlighted
Contributor
Look at EOH then... might be a little late, but the PE just exceeded 30, Trading statement of 20-30% increase, currently trading 12-13% below its high water mark - results due in two weeks.
0 Kudos
Reply
Highlighted
Super Contributor
I fall about laughing when I read "terrible" - if nothing else it reminds me of expectations that are in exceeds of likely outcomes and a tooo rich a market - but while the horse is right the fact is that this is a premium counter and you will almost always see it trading at a premium PE. So its not worth a bite yet ...but a bit more "generic"( both ways) bad news and it will be..
0 Kudos
Reply
Highlighted
Super Contributor
Agreed. 10-15% in current market conditions is acceptable, but not at this valuation. We need it a little cheaper, and we'll get it a little cheaper.
0 Kudos
Reply
Highlighted
Super Contributor
If i had R1m of Kwagga wealth to invest in Aspen, i would still not be a buyer at the current price... Valuation is far too rich even for kwagga money.
0 Kudos
Reply
Highlighted
Super Contributor
i agree with Prestons valuation of 280. But the market will have to move down like it did in 2008 to get there....a good sell- off , and we may just have a real SALE.
0 Kudos
Reply
Highlighted
Super Contributor
i agree with Prestons valuation of 280. But the market will have to move down like it did in 2008 to get there....a good sell- off , and we may just have a real SALE.
0 Kudos
Reply
Highlighted
Super Contributor
i agree with Prestons valuation of 280. But the market will have to move down like it did in 2008 to get there....a good sell- off , and we may just have a real SALE.
0 Kudos
Reply
Highlighted
Super Contributor
0 Kudos
Reply
Highlighted
Super Contributor
Now this is a dangerous situation when RAM and I are on the same page.
0 Kudos
Reply
Highlighted
Super Contributor
If it gets to 280 then you better be thinking ( or have thought or it' ll be too late ) of a lot more than Aspen.....
0 Kudos
Reply
Highlighted
Super Contributor
You make a valid point. Hopefully it does not come to that !!!!
0 Kudos
Reply