"in order for TOX to be revalued to around $1.80, this would...

"in order for TOX to be revalued to around $1.80, this would have to be a much larger acquisition than previous ones "...........very good point indeed JC.

14/9/06.Market Update announcement......

EBITDA expected for '07 =$8,000,000
( lets for a tick assume $9mil. 12% greater than expectation ) *speculation only*
less interest = $104000 ( last years figure )
less depreciation = $762000 ( last years figure )
=$8,134,000
less Tax at 30% = $2,440,000


Earnings = $5,694,000 with 65,000,000 shares
EPS =$0.0876 X Industry PE of 19 = $1.66

*now more speculation*

Aquisition $4,000,000 company making profit of 25%
= $,1000,000
these $$ added to TOX would = $1mil/65milshares
=$0.0154/share X Industry PE 19 = $0.29cents
TOX $1.66 + $0.29 = $1.95

*speculation stuff only* but please correct any/all figures to help me out

cheers PC