EPS is irrelevant at this stage, growth rates are important, and NPAT is growing 60-100%.
On a full year basis, earnings should be 0.3 cents, placing the company on a PE around 25. Thats more than reasonable for the current growth. I just purchased at 6f.7 cents on the above basis, and that 67m turnover should have absorbed the majority of the 46m SPP shares that people are unloading. Possibly a 7.1 cent close once the fear subsides and fundamentals take hold.
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- lol beware - classic pump and dump occurring
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lol beware - classic pump and dump occurring, page-6
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STRATEGIC ENERGY RESOURCES LIMITED
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