Their earnings last year was around 220 million USD thats about 265 million at the conversion rate of 83 Cents. So given that their cost savings in job cuts and no more interest repayments will be around 40-50 million US i think we can return to record earnings faster than we think. around 2 years. If we return to last years earnings of 265 million AUD that gives an EPS of (265mil/4.3bil)6.16 cents per share at a PE of 16 which is reasonable for a company with no debt we are looking at a SP of around $1.00. That represents a return of about 333% at todays closing price.
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