MSB Trading - 2020, page-20412

“Or could be simply $US250 $A350, and all the other details correct.”

I have just read the excellent post by@ecoool2. I don’t like to challenge anything he says but have to agree with @RUWM.

My initial thought was exactly as you put it. Then, I re-read the whole paragraph to check.

”So, let’s say US profits after tax of $US277m to $US308m (assuming the 80% gross margin after manufacturing upgrades) and EU royalties after tax of around $US55m, giving a total net profit from aGvHD in 4 years of around $US350m pa or $A245m pa on a P/E of 25x. That gives a share price target in 4 years of $A10.50 – or an NPV of $A6.00 today.”

The $US350m pa was the approx figure derived from figures at the first part of the paragraph. The conversion rate was approx A$500m as per @RUWM calculation. If we are wrong, I’m sure @ecoool2 will correct us. If not, the NPV will be twice as much.

So, as you are always so positive, look on the bright side!