Yes unfortunately i also did an accounting degree at Uni Chawkey (from your handle if anything i thought you might have been a teacher)
Over the last couple of years a number of scenarios have been discussed here regarding this issue and the most subjective/contentious item has been what multiple to apply to estimated net earnings......seems to have varied from 4 to 22:)...so some room for debate there.
Could not resist a few PENOC at 4.9 cents today.
PEN Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
