SHE 0.00% 0.8¢ stonehorse energy limited

0.5c per share dividend, page-71

  1. 920 Posts.
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    Market cap $11m, cash and shares in BRK just over $11m. I expect about $1.2m revenue per quarter of which about 30% steady rate will be set aside for costs.

    Not a bad loan arrangement they have. It'll produce an extra $250k of revenue over the next 8 months. Net profit for the next 12 months will be about $3m.

    On a forward basis of 12 months it's fully cash backed at 1.6c per share, and earning about 0.4c per share per year in profit. I can expect a fully cash backed share price of about 2c when the market decides to price in this rather sensible forecast and possibly 2.4c if looking at a 2 year earnings basis. This is conservative as it should be.

    I will add more on share price weakness here.

    Just my estimates and opinions. DYOR
    Last edited by James7821: 28/04/23
 
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