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.
Are you incapable of understanding plain English. Apparently...
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Last
48.0¢ |
Change
0.060(14.3%) |
Mkt cap ! $65.93M | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 48.0¢ | 41.5¢ | $71.34K | 163.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 9999 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| SMN (ASX) Chart |