Jobstreet

Date announced 16/11/2010
Quarter 30/09/2010 Qtr 3 FYE 31/12/2010

STOCK Jobstreet C0DE 0058

Price $ 2.9 Curr. ttm-PE 25.48 Curr. DY 1.03%
LFY Div 3.00 DPO ratio 35%
ROE 23.7% PBT Margin 48.9% PAT Margin 31.7%

Rec. qRev 30425 q-q % chg 2% y-y% chq 24%
Rec qPbt 14867 q-q % chg -6% y-y% chq 42%
Rec. qEps 3.06 q-q % chg -13% y-y% chq 25%
ttm-Eps 11.38 q-q % chg 6% y-y% chq 59%

Using VERY CONSERVATIVE ESTIMATES:
EPS GR 5% Avg.H PE 21.00 Avg. L PE 12.00
Forecast High Pr 3.05 Forecast Low Pr 1.40 Recent Severe Low Pr 1.40
Current price is at Upper 1/3 of valuation zone.

RISK: Upside 9% Downside 91%
One Year Appreciation Potential 1% Avg. yield 2%
Avg. Total Annual Potential Return (over next 5 years) 3%

CPE/SPE 1.54 P/NTA 6.04 NTA 0.48 SPE 16.50 Rational Pr 1.88


Decision:
Already Owned: Buy, Hold, Sell, Filed; Review (future acq): Filed; Discard: Filed.
Guide: Valuation zones - Lower 1/3 Buy; Mid. 1/3 Maybe; Upper 1/3 Sell.

Aim:
To Buy a bargain: Buy at Lower 1/3 of Valuation Zone
To Minimise risk of Loss: Buy when risk is low i.e UPSIDE GAIN > 75% OR DOWNSIDE RISK <25%
To Double every 5 years: Seek for POTENTIAL RETURN of > 15%/yr.
To Prevent Loss: Sell immediately when fundamentals deteriorate
To Maximise Gain & Reduce Loss: Sell when CPE/SPE > 1.5, when in Upper 1/3 of Valuation Zone & Returns < 15%/yr