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- 19 October 2005
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Yes, I had a look at all the announcements they released today and gave up - it's for an accountant to decipher imo. I left the annual report till last where finally I came upon the eps figure I was looking for and that doesn't make much sense either because I don't know how much of it is cash or write up/down of assets or what effect the costs of SAR merger are, or GAAP or Aust Accounting standards effects - ffs - then there's less than a full year contribution from SAR assets. If you take the eps figure of $1.15 seriously we're trading on a p/e of 8.5 which is ridiculous. At least cash/bullion went up modestly and that does not include the $400m from EVN.
I won't be selling any unless it melts up b4 the crash and take my lumps if everything crashes first - NST should be one of the fast recoverers I suspect.
I'll leave it to my paid analyst to sort out when he gets to commenting on the full year results. Here's his take on the June Qtr results and outlook.
I won't be selling any unless it melts up b4 the crash and take my lumps if everything crashes first - NST should be one of the fast recoverers I suspect.
I'll leave it to my paid analyst to sort out when he gets to commenting on the full year results. Here's his take on the June Qtr results and outlook.