KCN 1.53% $1.33 kingsgate consolidated limited.

profit accumulating

  1. 6,028 Posts.
    lightbulb Created with Sketch. 1470
    The median analyst projection for FY2012 is $0.71 EPS and $1.40 EPS for FY2013.

    Every month the SP stays at $5.00, and company should be accumulating profits of $0.06 ($0.71 / 12 months). Every month that passes, the intrinsic value of the company increases by 1.2% of the current SP. Or in the 2013 financial year it will be increasing by $0.12 per month, 2.4% of the current SP per month!

    The only assumption is that the analysts are correct in their median projection. The gold price is still very reasonable at current prices, so I guess they will be correct.

    I can't buy more since I have no money to spend, time to get back to work/business!
 
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$1.33
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