Mrs S.
134m shares on offer @5.8c = MC $7.772m
1/2 profit $265k, annualised = $530k
$7.77m divided by $530k is actually PE = 14.56 (sorry I did it roughly in my head before)
Now if 2nd half has profit of $.5m as watso suggests (probable) full yr profit is near $777k or PE of 10