due to discount to cash backing, if they say make 10% this calendar year in a relatively low risk way, thats closer to 20% return p/s or approx 5cps earnings.
ie 230M + 20M = approx 45-50c cash backing
plus other assets, I would like to see at least 100% return (say 50c) from here within 1 year. Not a bad return.
due to discount to cash backing, if they say make 10% this...
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