re: media release - solco europe
At 62 million shares and a 1 million dollar profit (suggested in June forecasts next year for 04/05...probably overstated according to subsequent announcements) and a P/E ratio of 17:1, the share price is around on the money at the moment. Which sucks, in terms of the options (which I hold). If the shares are fully exercised, that falls to 20 cents.
Sure other people have done these calculations and are willing to pay a premium for the huge potential, especially given the beginning of European manufacturing...might actually start "exporting" from Europe...people may want a European name on their high tech water heater in Asia and America rather than an Australian one.
