AVE 0.00% 0.3¢ avecho biotechnology limited

18000 doses a day in anz, page-26

  1. 563 Posts.
    lightbulb Created with Sketch. 1
    Apologies.

    Despite taking care not to introduce errors, it is obvious that I missed a decimal place. 1.5 to 2 cents a share is more like it.



    I hope your boss doesn't read HC jev.


    Still misleading to say it would be worth 1-2 cents to the share price. For a start the E in the P/E ratio refers to earnings (or after tax profits), you are talking about revenue, they are not the same.

    In addition, in order to apply a P/E ratio to stock it has have earnings and 720k additional revenue accruing to POH would still leave them with large losses, thus no earnings and applying a multiple becomes an exercise in futility.
 
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