Re­turn to profit

Finweek English Edition - - MARKETPLACE SIMON SAYS -

The ELB Group has an­nounced a re­turn to profit with head­line earn­ings per share (HEPS) ex­pected to be around 155.8c com­pared with a head­line loss of 675.2c a share in the pre­vi­ous year. The re­turn to profit was ev­i­dent in the first half’s set of re­sults and the share ral­lied on the back of that, but has drifted lower and is now just over 1 800c, putting it on a price-to-earn­ings ra­tio of some 12 times. That is fair value for this stock in cur­rent con­di­tions.

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