They have 138 million shares issued.
On that basis and assuming $5 million NPAT for 2008/09, share price of $0.09 suggests a P/E of 2.5:1 approx. I agree with you whatsnext, its very low.
For comparison, HSP is on 13.3 P/E and RHC is on 17.9 P/E. Those ratios would suggest a possible PHG share price range of $0.48 to $0.65.
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preliminary final report out, page-6
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