I don't think the P/E is 10, or 5, or even 3.6 because none of these numbers represent the long term average earnings for the future of the company. Not quite sure what that number is but I'm sure it's not "whatever the company earning in 1H22"...
What's more interesting to me is at 1.3c the market cap was ~65M and the book value as of the half yearly was ~59M, P/B of 1.1.
Ann: Half Year Accounts, page-53
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