Thanks SIMy quick analysis:Current EPS = 20cps (120mill/589mill...

Thanks SI

My quick analysis:

Current EPS = 20cps (120mill/589mill shares)

27c / 20 cps = PE of 1.35


Cash = $70 mill
MC = $162
EV = $92 mill

So if share price does not appreciated and the dont spend any cash, they will have $130 mill in the bank which would put their EV at a pathetic $30 mill.

So theoretically, even if they were to keep this EV % difference their MC needs to raise by $30 mill per quarter which is equal to 5cps or 20%.

So at a minimum you/we are looking at a 20% per quarter gain, theoretically, cet par etc etc.