transport in a COVID-19 world, page-4

I thought that before killing myself with laughter I should just check what it would take to get to $10.

Not rocket science. Circa 250m shares on issue post SPP, so a market cap of $2.5B (starting to smile wildly.) The industry average PE ratio is around 15 so we would need a NPAT of ,drum roll, $167m. Time to check the spread sheet.

Our factory running at full capacity should roll out about 390,000 units and if we don't get any economies of scale produce a profit of $84m before tax. So we fall short of a SP of $5 unless theres more to it than that.

If the factory concentrates on producing flat packs which are exported to assembly plants around the world, $10 a share might just be the beginning.

Makes 18 cents cheap if you believe the story.