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There is very solid reason to aim high here depending on several...

  1. 378 Posts.
    lightbulb Created with Sketch. 37
    There is very solid reason to aim high here depending on several facts.
    Current income for 4 quarters = 1.467 mil which indicate EPS = (1.467 - 0.2)x0.7/189.31 = 0.0046 $ or 0.46 cents.
    • Notes: -0.2 is for paying off the last bit of debt.
    • x0.7 because we need to pay some tax on it so we have about 70% of the cake only.
    • /189.31 is the total shares up to date.
    Here we go, the average PE for the industry is around 14+. Which means the fair value for SP would be 6.4 cents.
    However, I will humbly aim for 4.6 cents in this case to be more realistic.
    All current contracts are ongoing and provide steady income in at least 2 years time with potential increase.
    So the risk is in low-medium range here.
    Also, I only expect div payout at 60-70% of NPAT.
    @vinn
    Last edited by GoldenSoul89: 27/08/19
 
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