Australia's largest stock trading and investment forum Australia's #1 stock forum

PET

Click for more information

0.00%

2.5¢ phoslock environmental technologies limited

Ann: Business Update, page-38

First 38 Last

Share
Profile

Follow
Pastor

666 Posts.

35

16/10/19

11:13

Post #: 40905454
Share

Originally posted by T89Rex: ↑

I guess that's where the subjectivity that creates the market comes from. To my mind, $110 million revenue for the next three years could conceivably mean annual EBITDA of $35 million or so. At current prices, that'd mean a P/E of only about 20. And that assumes no further growth. I'm happy with that but based on all the selling plenty of people aren't.

I think all the announcements since the huge surge have certainly justified the price. I think the March 2020 quarterly might be the point where I start to think about whether it's worth more. If we're truly on the right track (and I think we are) I suspect that's when we'll see concrete evidence

Expand

Good reasoned summary, appreciate it. Cheers!

PET Price at posting: $1.17 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

NRX

Noronex joins forces with South32 to look for copper in Namibia

EVN

Evolution shares up 3% on quarterly results for June showing rise in gold production

AI stocks: What to expect in 2024-25

DMP

Domino's locks in biggest faller status on Thursday as it closes stores in Asia, Europe

FMG

Andrew Forrest was seemingly possessed by the spirit of hydrogen – now he's cut 700 jobs and canned FFI

There are more pages in this discussion • 373 more messages in this thread...

First 38 Last

Add PET (ASX) to my watchlist