Nice figures but to get there IPD needs to make huge annual profit. ATM we are well valued at $400m which would require at a PE30 about $ 13m annual profit, or at PE 15 $ 26m. Market is forwards looking and maybe valuing some physical asetts, the IP and its current monopoly position. But to justify $1 at PE 15 IPD would need about $ 130m in annual profits.
15 x $ 130m = $2b / 2b shares = sp $1
or
30 x $ 65m = $2b / 2b shares = sp $1
GLTA
IPD Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
