Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi
|
MaichBlack wrote:obiero wrote:littledove wrote:babaroy wrote:I bought this share because of the Low PE of 2 indicated on WAZUA. This morning, am surprised that the PE is 10 according to RICH DATA. who has the correct figures? wazua data is not up to date, I think admin should do something in that corner @babaroy. low PE means the industry is anticipating low growth for the share while high PE means that the market is bullish on the earning multiples for that counter. hope u are not confused Not true! Low PE may mean the share is under priced. Actually one of things that holds for under priced shares is a low PE. BUT a low PE might also be due to low expected growth or one off incomes the previous year. So one needs to understand the REASON for the low PE. High PE means a share is over priced and if you are to buy it you must proceed with caution and MUST have very good reasons why you are buying! potato potato COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
|