Original article by Melissa Yeo
The Australian – Page: 21 : 15-Jan-20
The sharemarket rally has seen the S&P/ASX 200’s price-to-earnings multiple rise to a record high of 18 times. Mirrabooka Investments’ MD Mark Freeman says high valuations means that stocks which fail to meet expectations in the February reporting season will be punished by investors. Meanwhile, Mirrabooka has reported a 2019-20 interim profit of $4.4m, compared with $4.6m previously. Shareholders will receive a first-half dividend of $0.35 per share.
MIRRABOOKA INVESTMENTS LIMITED – ASX MIR, STANDARD AND POOR’S ASX 200 INDEX