Well assuming they can tie up 50 signs by June next year after tax earning will be approximately $12million.
Thats equivalent to approx. 0.12cps
Applying a P/E multiple of just 10x the company would be worth close to $1.20 per share.
Work the P/Es more at 20x its worth $2.40.
If the good work done by management is continued there is no reason why a P/E of 20 can not be achieved.
costs per sign, page-4
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