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Ooops! I neglected to allow for expenses by GSW. Say these...

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Pactolus

1,284 Posts.

15/09/17

19:04

Post #: 27255132
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Originally posted by Pactolus ↑

I believe the company stated that high volume users would be offered discounts of up to 10c per transaction. Obviously the Williams companies would be on the lowest fee. So we can assume that $m138 of buiness would result in a net profit of around $m27.6 .Take out tax of 37% = $m10.212 net profit. There are 154 million shares on issue but I am not aware of the market cap on a fully diluted basis. On what is shown this would equal 6.6cps. On a p/e of say 25 this would equal$1.65. With a few extra large accounts on board, say 10 the size of the Williams companies, this would equal $16.50 per share. It is quite feasible to see earnings of 10x this figure in N.America alone. I think holders can look forward to a very Happy Christmas.

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Ooops! I neglected to allow for expenses by GSW. Say these equate to 50%, eps will halve from the previous estimate and return 3.3cps. I believe the Williams companies are only the tip of the icing and the potential for N.America is say 33cps, the same for Europe and the same for the rest of the world. We are looking at eps of $1 p.s. and I believe that this is highly conservative. Comments please?

GSW Price at posting: $2.02 Sentiment: Buy Disclosure: Held
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