FLB again....
yeah, yeah... use trading platform, it shows FLB is trading at a PE of 5x.
Trading of 5x wei.
How can that not be a buy?
That 5x PE is based on trailing eps.
And the trailing eps was boosted by 2 quarters where the USD is much higher than where it is now.
So with the USD not shooting for the sky atm...
Then logically it is NOT WISE to assume and use trailing earnings. (trailing eps at this moment = 27 sens)Me?
I would assume and project a much lower eps of around 14.5 sen for FY 2016. ( Dude, this is my assumption la. I could be WRONG one! )
Which would be significantly much lower than an EPS of 30.7 sen recorded for FY 2015.
Yes, I am looking at a possible decline of more than 50% in eps.
And mind you, I am assuming that everything else remains pretty much the same, ie a flat sales growth. ( Yes, what about the possibility of negative sales? )
And yes, in other words, I am clearly assuming another huge drop in earnings come the next quarter.
And how would the market react to this?
Me?
I am a trader.
This is clear uncertainties for me.
How could I price in my risk factor given such a scenario?
Why should I hunt now based on simple assumptions of its earnings? ( Mind you, I could easily be wrong ! )
And of course... the chart.
The chart setup is totally awful at this moment.
Why be the hero?
and then what about the next fiscal year, 2017?
me thinking at this moment?
Errr... not sure if FLB could even break 17 sen eps. 
*** Oooo... this is me talking to myself again

***
Checking up on my notes.
Trailing EPS as suspected, plunged.
Trailing EPS fell from 27 sen to 20.87 sen. (again I would not use the Trailing EPS of 20.87 as a guide!)
Current nine month eps = 10.5 sen.
Clearly highlights why one cannot totally rely on trailing eps.
** USD is clearly much higher now... which means that going forward, there is a possibility that FLB eps could recover....
** if I have to guess.... oh maybe ... we could see a current FY eps of maybe 14 sen only.....