Brent,
Quote: ”Champ, given the information we currently know, the nature of Biota's earnings doesn't actually justify a PE of 10. We don't yet have Lani reuslts etc. Currently, Biota is supported by Relenza royalties, and at peak production we may earn the 53.6cents, but we can't assume this production will continue at these levels indefinately. If we don't take into account Lani etc. then $2.50-3.00 is probably roughly a fair valuation for the Relenza royalties.”
Can you elaborate on your statement?
No of shares is approx 175 million.
Earnings you stated: 53.6 cents = $93.8million = 55 million courses (Using the UK order 1 course = $1.70 per course)
- Forums
- ASX - By Stock
- $5.30 target price
Brent,Quote: ”Champ, given the information we currently know,...
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BTA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online