preliminary final report out, page-6

They have 138 million shares issued.

On that basis and assuming $5 million NPAT for 2008/09, share price of $0.09 suggests a P/E of 2.5:1 approx. I agree with you whatsnext, its very low.

For comparison, HSP is on 13.3 P/E and RHC is on 17.9 P/E. Those ratios would suggest a possible PHG share price range of $0.48 to $0.65.