To earn $0.056 EPS for FY17, PGC will need to make 164 million (shares on issue) x 0.056 = $9.2M NPAT.
In 1st half just completed they made $2.6M NPAT. So they will need to make a mighty $6.6M NPAT in the second half to hit your forecast. Seems a long shot to me, but given seasonality and any other anomalies, I can keep an open mind on it, and will certainly be holding on to find out.
I am well aware of the weighted no of shares issue quirk, aberration, etc however one would describe it. But I think I'm correct to think it wont be happening this FY.
Good luck with it.
Cheers
Gosouth
PGC Price at posting:
76.0¢ Sentiment: None Disclosure: Held
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