shortsell frenzy tuesday, page-52

ozebecool

I like your enthusiasm but question your numbers. Where did you get 60-70 cents earnings? Or are you talking revenue not EBITDA? September EBITDA was A$91m so if the next 3 quarters are better (say A$100-A$110m) that will be around A$400m for 2014 year. With ~915m shares on issue that's around 44 cents per share. Or are you or your source expecting much higher earnings in the current and next 2 quarters?

Still even with my guesses P/E would only be 2.2 so significantly undervalued!

H