TGA 0.00% $1.17 thorn group limited

Yep, $2 does seem a little high at this stage. Though if TGA...

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    Yep, $2 does seem a little high at this stage. Though if TGA earned 20 cents in FY18 that would put it on a PER of 10. I am a little less confident of earnings and will be pleasantly surprised if the figure is 19 cents for FY 18.

    Just over 2 years ago TGA had a PER of over 14 and for most of the last 5yrs the PER has exceeded 10. I don't think a PER of 10 or 11 is unreasonable for this business.

    For what it is worth I would put earnings in the 15-18cent bracket for FY18. Again, pulling these figures out of the air, but with a new CEO there will be a temptation to clear the decks and tone of the FY17 report felt like they were priming us for lower earnings in my opinion.
 
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