Nambucca,
Earnings from LOOK's operations for last qtr was US1c per share (as per their qtrly report). Add the abnormal gain from the BT venture and earnings were 3c per share for last qtr only.
The 12c eps assertion is, in my opinion, looking dodgy for the next 12 months at best.
However, assuming eps is 12c per share and the share price closed at US$1.97, you get a PER of 16.4 times. Clearly not 8.14.
Some posters shouldn't let facts get in the way of a good ramp - should they markco??
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15c here we come!!, page-4
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