I know Grad did this cal quickly,so just to add
I think he may have used the Aus price of .93 and divided it by .04636 U S = PE 20.06
If you use the equivalent US price of .66 and divide by .0436 ....PE =14.2
HOWEVER,your figure of $20 profit = .07143 cents per share divided into .66........gives a present PE =9.2 !!!!!!!!!!!!
Ann: Shareholder Newsletter, page-53
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