Fair price calculation $24.51-$28.15

1.If second HY have the same results as first HY.....

EPS 0.64*2=$1.28 conservative

2.As we know South East Asia grow rapid 53% and Capilano Manuka is spreading really quick, we should expect growth EPS 15% better then first HY.

EPS 0.64+0.64+0.64*(15%)=$1.376 fair

3. Optimistic we will growth 30% in second HY. Manuka sales will lead that results.

EPS 0.64+0.64+0.64*(30%)=$1.472 optimistic

4.At the moment Industry and Sector PE are 19.15 and 19.33.
(source yahoo finance CZZ.AX )

5.Price calculation we will base on lowest PE that's industry 19.15

SP= PE*EPS

Conservative price
SP = 19.15*$1.28 = $24.51

Fair price
SP = 19.15*$1.37 = $26.23

Optimistic price
SP = 19.15*$1.47 = $28.15