Peter,
Always appreciate your fundamental views, just trying to work some basic numbers on projected earnings, always learning and would appreciate if you could lend a hand on how you arrived a figure of 80c.
atm NLX are sitting on a PE of about 15 cap at 200Mil price 33.5c.
2004 they estimate revenue 750Mil they would need earnings of about 35Mil to achieve a PE of 15 and a price of 80c?
This is assuming a large portion of the 80Mil they paid the banks in repayments last year will be reduced with the recent divestments.
appreciate any help.
Charles
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