.....based on one measure.If they can hit the 800M this year,...

  1. 227 Posts.
    .....based on one measure.

    If they can hit the 800M this year, and a 5% profit margin, which is not unusual for this company, that's 40M.

    Divided by 270M shares (which includes a good % of those not yet issued) you get around 15 cents per share.

    On a multiple of 14 thats around $2.

    The fella, John, on this forum, rightly points out the reason for the current low market value as the recent dumping of new shares, related to the Ingena purchase (I believe). I think this might continue for some time, so we'll have ample opportinity to pick up more at these cheaps prices.....if, like me, you don't have the cash to do so now, this is a good thing.

    Patience will be rewarded I reckon.

 
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