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0.00% 52.0¢ egan street resources limited

Simple Maths Missed

  1. Gold Bug
    257 Posts.
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    20/07/18
    10:19
    Post #: 34469682
    Free cash flow of $30 million per annum divided by 130 million shares and commencing production in mid 2019 provides earnings per share of 23 cents per share. With a share price close to 23 cents now that equates to a price to earnings ration of 1. And if each share is earning 23 cents per share, a nominal dividend payment of a of 2.5 cents per share equates to more that a 10% fully franked yield next year. Please let me know where my maths has gone wrong.
    EGA Price at posting: 24.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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