Aren't you supposed to divide the profit by the no of shares rather than share price by the no of shares?michael_selway said:yeah, theres about 912.29 million CSr shares, so;
3.87/912.29 = 0.32 = 32 EPS
current consesnsus is 29 EPS for 2007 ist only 10% improvement but not much. Also look at 2008/2009 very little growth left? what did ML say about 2008/2009 profit forecast?
Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 27.4 29.8 32.8 33.5
DPS 15.0 17.0 18.0 19.7
EPS(c) PE Growth
Year Ending 30-03-07 29.8 12.0 8.8%
Year Ending 30-03-08 32.8 10.9 10.1%
thx
MS
sangshim said:Aren't you supposed to divide the profit by the no of shares rather than share price by the no of shares?
noirua said:Merrill Lynch upgraded CSR Limited to Buy in early May at $3.87. ML were impressed by the raising of the 2007 profits forecast to $292 million from $258 million.
Http://www.mysharetrading.com/2006/05/04/merrill-lynch-csr-ltd-csr-recommendation.htm
noirua said:$3.53 as CSR regain confidence. The buy-back and the strong price of oil should give the stock a real bio-ethanol bounce.
noirua said:No bio-ethanol bounce, as many companies are struggling to make a profit, so far. The buy-back has just started and should give a much needed floor to the share price.
noirua said:$3.31 this morning as CSR appear to be recovering.
michael_selway said:Approaching fair value, or fwd terminal PE of 10, about $3.10
Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 27.4 29.7 31.5 31.3
DPS 15.0 17.0 18.0 19.9
thx
MS
barney said:I'm only new here and still a beginner with charts etc. but I figure if I put my opinions out there for people to judge, then it is kinda putting my money where my mouth is so to speak
Here goes: I think the chart on CSR looks to give a hint of possible reverse I like the rate of change (price) spiking off the bottom on good volumes and the ADM (negative) Index starting a downturn. Also the Bollinger curve has "opened its mouth" with an initial downturn. From what I read, this initial downturn is often a "false" signal with the sp often reversing Yesterday's sp did reverse a little (Monday or Tuesday will probably tell the story better)
I reckon CSR back to $3.15 before end of next week (unless of course the market in general fails)
Any comments from you guys who are way more experienced than I am, as to whether I am making sense, and/or are there other factors I should be looking at to give me a better assessment?? Cheers to all
Porper said:First of all I am no expert on indiators, although I believe we can always find a indicator that suits what we "want" to see.
MACD is showing positive divergence, yet Money flow isn't.I prefer price action, and that is plain to see.
Thursday had a big down day on huge volume, finishing the day almost on the lows.Friday as you say had even larger volume but finished the day in the mid range for the day, also it is a very tight range which to me implies that there are still a lot of sellers around, selling into the attempted bounce from the day before.
Also, it has broken down from the channel since June, another bearish sign.
Monday will probably be positive for the ASX as the DOW had a good over night rise, but if I had to pick, I would have to slant towards a slight re-test of the old channel, then a strong down move.
My win percentage is less than 50%, so what would I know.
barney said:Thanks Porper for your analysis. I am trying to digest all you have said. As I say I am still learning, so I'll take what youve said on board and keep watching over the next few days to try and put some order into what happens. I appreciate what you say about the "tight range" for friday, but perhaps this would be expected after such a large drop the day before (the fact that it recovered at all kinda says to me that there is a "possibility" a quick reversal???...just guessing)
I see what you mean about the bearish drop since June (missed that).......I remember reading somewhere about always look at the "bigger picture." I guess that sooner or later the bearish drop will hopefully reverse, (stocks "usually" dont go down forever....touch wood) I guess I am looking more short term at the CSR chart (trading as opposed to investing) Thanks again, Barney
PS Which money flow indicator is the best to use?? (I've heard Twiggs is good)
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