Which Stock has a P/E Ratio of 1.16 ?

  1. 730 Posts.
    Recently listed timber producer, Australian Growth (AGW), has indicated a full year after tax profit (to June 2002) of approxmiately $5.1 million.

    AGW has 42,166,605 shares on issue.

    AGW last traded at 14 cents.

    That works out to an after tax profit of 12.1 cents per AGW share, or a Price Earnings ratio of 1.16.

    I think it's a good deal. Obviously the person who just sold to me doesn't.

    Any opinions out there?


    Regards,

 
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