falling share price, page-14

Even at 10mil profit for the quarter its 40mil per year. PE of 10 is 400mil mcap. Current mcap is 350, minus 50mil for cash on hand is 300. I would expect even tho relenza will drop off at some time lani will more than pick up the 10mil per quarter im using here. So even at 10mil a quarter indefinitely with relenza transitioning into lani keeping it going you could still expect a gain of 33% under a more than reasonable PE of 10. I'm happy with that as a bad result.

Obviously I expect the future to be a lot more rosey than the above. If surprised to the downside tonight the smsf definitely has time to think about its actions.