PNC 2.86% 51.0¢ pioneer credit limited

if this stock can earn $18m (which would be an after tax number...

  1. 2,925 Posts.
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    if this stock can earn $18m (which would be an after tax number given the large amount of tax losses) then putting that on a conservative 5x earnings suggests a market cap of $90m versus $63m currently or 50% upside............both of these assumptions would appear potentially a bit conservative...at $20m profit and 7x earnings it would suggest $140m of market cap v $63m currently.......120% upside.

    we now have some genuine insto interest, so what am I missing?
 
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