Without add-ons by the spin doctors, I read in the text Ibexx posted that
a) Excluding the first time effect of provisions for the Group's recently
announced employee incentive plan ("STAR"), pre-tax profits [*] would
have risen about 46%.; and b) For the full year, the Group is maintaining
its expectation that pre-tax profits will rise between 30-35%, excluding
the effect of the STAR program.
[*] preliminary estimate for first half of '98
Would someone with the raw EPS numbers for the last several semi-annual
periods like to do the math and tell us what the projected EPS growth (before
STAR effect) must be for the 2nd half of '98, to bring the full-year rate all the
way down to 30-35% from the estimate of 46% for the first half of the year?
I'm guessing we're looking at about 25% projected 2nd half EPS growth
before STAR effect. Also, it sounds like the projection for FY '98 including
STAR effect is around, say, 29-30%.
Assuming the stock holds here around 200, what will be the TTM P/E
ratio based on current estimate of first half earnings? At 200, what
is the P/E based on projected 1998 earnings of, say, 1.2 billion marks?
(1997's 924 million marks + 30%).
[Note to Ibexx: this doesn't mean you are supposed to answer all these questions.
It is just a follow up to your post of the info from the SAP web site.]
Thanks,
Paul
P.S. Disclosure: I would have used a stop loss at -5% on this stock
when I bought, but due to BB status I had to rely on a mental stop,
and failed to pull the trigger when the price was reached twice. I
found the German stock's price action early this past week worrisome,
and happened to sell on the last U.S. trading day before the news hit
(down nearly 10% then). I don't pretend to know where the stock is
going from here, but I'll probably wait until the NYSE listing to
get back in. I've been burned far too many times trying to invest
in techs while stubbornly refusing to place stops (and also being
thwarted by FIDO's refusal to accept stop orders on NASDAQ
stocks--which they have been saying for months will soon change.) |
