Can someone explain how Wimpy is trading at a P/E of 5.3 - I realise that number's based on past dividends, and it's issued a few profits warnings recently, but that strikes me as undervalued

http://mwprices.ft.com/custom/ft-com/quote...equity&x=7&y=11

Bovis and Balfour seem to be on 7.6 and 8

Cheers

Fingers

" If turnover is -17.5%, profit is likely to be down at least 25%, so the historic p/e of 5 or whatever goes out of the window, and current p/e is looking more like 7 or 8 with deteriorating market conditions. "

That's how the city thinks - sometimes they are right.. more often than not they are wrong!