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9.09%

1.0¢ alexium international group limited

Number crunching, page-8

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Taurean7

1,773 Posts.

3106

12/12/17

16:07

Post #: 29573492
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Originally posted by SebTaylor ↑

Taking a look at the last Petra report – they have forecast sales of $71.4m for next year (18/19) and a net profit of $14.8.

Now based on current and new shares (issued under the CR) of say 350m and a share price of say 38c then that is a P/E of 9 – which is ridiculously cheap for a growth company and I’d imagine by the end of 18/19 it will be very plain that we are a growth company.

Now you can apply your own forecast P/E and get an idea of what they share price could do based on next year alone.

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Multiply the P/E by three and you obtain a more realistic value of 27. Multiply the SP by three therefore and you obtain a more realistic SP of $1.14, which is Petra’s target price.

Petra has already done the maths.

AJX Price at posting: 36.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.0¢		Change -0.001(9.09%)		Mkt cap ! $15.73M

Open	High	Low	Value	Volume
1.0¢	1.0¢	1.0¢	$1	133

Buyers (Bids)

No.	Vol.	Price($)
1	59013	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	768186	6

View Market Depth

No.	Vol.	Price($)
1	59013	0.010
5	2072715	0.009
4	4186222	0.008
3	349012	0.007
3	544500	0.006

Price($)	Vol.	No.
0.011	768186	6
0.012	108441	1
0.013	240000	1
0.014	134311	1
0.015	431158	2

Last trade - 10.00am 30/09/2024 (20 minute delay)

AJX (ASX) Chart