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Ann: Vijay Group JV Update , page-10

  1. tonethegroan
    1,452 Posts.
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    17/04/13
    15:12
    Post #: 11656577
    Don't agree with Clacoste.

    If NSL can deliver 1.5m tons of production and earn itself nearly 6cps in earnings in two years (from nothing), then 10 times is not only reasonable, it is conservative.

    I'm not saying that the company has earned a 10 times PE multiple yet, but with that type of growth (yes, IF they do it Joe, and yes they have in the past promised the world and delivered an atlas) a strong growth multiple will be well earned.

    NSL Price at posting: 4.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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