Wednesday, 3 November 2010

Legend (LGD) - Profit Upgrade

Earlier today, Legend announced an expected NPAT figure of c.$3.8m for the half year to December 2010, an increase of 19% on the corresponding period last year. 

At a market cap of $57m, Legend trades at a forward PE of 15x on the half year result; on a full year basis, it may be good value. 

Disclosure: LGD (Long)


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