LGD 0.00% 30.0¢ legend corporation limited

growth stock on pe of 5 with low debt

  1. 2,218 Posts.
    I have been accumulating this for last few months. Profit upgrade just out (annualised, it is an EPS of around 2.5c, and may be further upgraded the way trading is going). LGD is benefiting from resumption of economic growth and strong $A - good mangement has reduced debt to very modest levels. Assuming trading performance is maintained into New Year, quite possible a divvie will be declared, or at least confirmation that divvie will be payable on full year result. When something is on PE of 5, and with modest debt, a significant yield is possible, which should convert into increased share price.

    You do the maths.

    angus
 
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