Performance, page-42

Some on here are seeing the sp as undervalued, some overvalued.

Taking nothing else into consideration IP, future deals, internal development of Bodyguard etc. I'm seeing the market (and possibly management) valuing the SK-II deal at $7M per year and why the sp is where it currently is. Here's why shoot me down if my figures and assumptions are wrong because I'm no valuation expert.

Shares on issue 1,532,687,087 divided by market valuation of deal of $7,000,000 = $0.00457 per share.
$0.00457 x ASX P/Earning ratio of 22.8 = $0.104 cents which is round about where we are now.

If we consider that $7M stays consistent for 3 years we have revenue of $21M which covers Milestone 3.

Some will say we should have a p/e ratio of about 30 or 40.
30 = share price of 0.137 cents a value many on HC think we should be currently at.
40 = share price of 0.182 closer to B&Y valuation.

If COTY come on board soon enough this will explode the price again.

All just my opinion.