REFS is
a mine of invaluable information for the private investor.
Selecting shares without its help is like trying to
clap with one hand tied behind your back.
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Estimates
Estimates
are shown for pretax profit ('Pretax'), earnings per share ('Eps')
and dividend per share ('Dps'). Note that estimates for forecast
pretax profit and EPS should be compared with the normalised
historic pretax profit and EPS in the financial summary table.
The individual
estimates for the current and following years provided by each
broker are adjusted when circumstances dictate, so that direct
comparison can be made with the estimates of other contributing
brokers, and with the five-year historic values provided in
the adjacent financial summary table.
The folowing
topics explain when adjustments are necessary:
Share capital changes
Notional dilution
Annualisation
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