Are you incapable of understanding plain English. Apparently not.
At no stage did I say the share price would go to $18.
What I did say, is that if SMN had earnings of $ 80 million & that would be several years down the track, after FAA approval & based on a P/E of 30, the share price would be $18.00 with the current number of shares on issue.
That is a mathematical calculation, not a prediction for the share price.
Similarly, earnings of $40 million, on the same basis, the share price calculates to $9.00.
It works out that for every $10 million of earnings, the share price calculates to $2.25.
That calculation will change with additional shares on issue & a variation of the P/E ratio.
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48.0¢ |
Change
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Mkt cap ! $65.93M |
Open | High | Low | Value | Volume |
47.5¢ | 48.0¢ | 46.5¢ | $6.373K | 13.48K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 17391 | 46.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
48.0¢ | 4648 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 17391 | 0.460 |
1 | 5600 | 0.420 |
3 | 19638 | 0.415 |
1 | 1250 | 0.400 |
1 | 15189 | 0.395 |
Price($) | Vol. | No. |
---|---|---|
0.480 | 4648 | 1 |
0.505 | 9591 | 1 |
0.525 | 1375 | 1 |
0.530 | 24999 | 2 |
0.600 | 10000 | 2 |
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