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I'm not sure that the terms of the agreement are US20 mill...

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46 Posts.

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26/04/17

17:37

Post #: 24279222
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Originally posted by rjsimps ↑

So, I had a bit of a look at the P/E ratio of the shares (first time, so happy for corrections!) if all the shares get given to eagleview upon them reaching their milestones, and the performance rights get issued etc (i am basing this off the latest appendix 3B), then we will have 1,175,000,000 shares on the market, roughly.

Assuming another 126million shares get issued (just using the number you used TP), then that's roughly 1,300,000,000 shares. If eagleview starts hitting the 20mil USD (26mil AUD) revenue targets, and assuming that the Australian side of things breaks even then....

1,300,000,000 shares / 18,200,000 (26mil AUD minus 30% tax) = 0.014 EPS

With the current value of 0.08 that's a PE ratio of 5.72. I know that's a lot of assumptions but its better then I expected.

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I'm not sure that the terms of the agreement are US20 mill revenue p.a.....it could potentially be reached over a number of years / reporting periods from what I read in the presentation..page 6 of this presentation https://wcsecure.weblink.com.au/pdf/SFI/01746806.pdf

SFI Price at posting: 8.3¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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