Taking Profit on TWE

After our buy signal on TWE.ASX at $9.20 we’ve started locking in the gains (PE now 27x). The stock rallied 15% during the last week following better than expected earnings result.

FY17 and FY18 should see EPS growth in the mid teens. Fy17 EPS forecast $0.37 and 2.5% yield on revenue of $2.6b and EBITDA of $550m

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TWE

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