Yes I did use 10 for the P/E in my estimates.
I purposely did so to remain conservative. If PEN does what they are indicating then earnings growth will be very high indeed after the intila 18mth Capex payback period.
The $1.00 sp is not out of the question and in fact could be much higher. I don't for one minute believe it will get to the dizzy heights of PDN or EXT. However I do believe PEN will fly over what I am indicating...If they prove up both Lance and Karoo.
more reading and peoples opinion, page-14
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Last
8.9¢ |
Change
-0.001(1.11%) |
Mkt cap ! $280.4M | |||
| Open | High | Low | Value | Volume |
| 9.1¢ | 9.2¢ | 8.7¢ | $1.611M | 18.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 3311848 | 8.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.0¢ | 1204117 | 6 |
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| Last trade - 14.37pm 07/08/2024 (20 minute delay) ? |
| PEN (ASX) Chart |