Looking for spooks, page-43

Nice screenshot brenomulo. Cant add much without looking at the actual excel workbook would be easier but that wasnt attached. Glancing at the screen shot my only question is you're keeping pe ratio constant. In determining share price im assuming? Same for dps via a fixed payout ratio of earnings i assume?

Also how did you determine:

A) timing split of 50% share of settlement revenue for say fy16 and fy17 projects i.e. subi strand? Did you assume full settlement and sales of stock or have you gone off a percentage or currently sold units?

B) gross profit of 22.5% from memory, care to elaborate on how u determined this % as appropriate?

Ta and good effort. If true the last year is a massive increase in earnings and sp. I woud expect a larger corresponding increase in dps but can't go wrong being conservative.