So, the quarter is over and cash is negative - again.
Seems bad, well, think back - and then think of where they are now.
FY11 - last financial year
Cash was down $17M for the entire FY exc. the cap raising.
FY12 - the one just finished
Cash is down $11M, but, we drew $8M so lets call it down $19M.
To be honest, we are pretty much tracking how we did last financial year. The game however, changed massively for the company during this time. Here is the kicker.
FY11 Revenue was $102M which generated a profit of $7.6M at EPS of 0.25cps diluted. That gave a PE of about 28 based on the share price at that time.
FY12 Revenue is likely to be circa $231M, gross profit should be around $29M by my calculations, with EPS of approx 0.69cps and a PE of 5.
The FY12 figures are my estimates only. Happy for people to tell me I am way off the mark.
Please keep in mind that quarterlies are cash only. The company's overall profitability is a totally different story. In FY12, FML spent $60M on exploration and development, only a portion of which will be amortized in the FY12 profit and loss.
I am not trying to ramp here, I am just trying to show that I believe FML is actually going to show massive growth in both revenue and profitability in the annual report and that which exposes a very very low PE, approx 1/6th of what it was at the same time last year. I do think 5 is well below where it should be, but I also realise that significant investment has been required to generate this profit which in turn, will always put a dampener on any companies PE if evualated correctly.
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Last
14.0¢ |
Change
0.010(7.69%) |
Mkt cap ! $40.11M |
Open | High | Low | Value | Volume |
13.5¢ | 14.0¢ | 13.3¢ | $22.49K | 166.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 27678 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 0.135 |
1 | 20170 | 0.130 |
1 | 33474 | 0.120 |
1 | 40000 | 0.115 |
1 | 10000 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 27678 | 2 |
0.145 | 16700 | 3 |
0.150 | 54554 | 2 |
0.160 | 11109 | 2 |
0.165 | 34919 | 2 |
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