trigger for share price rise, page-4

Hi All,

What do people believe the true value of this stock to be?

If the Full Year Profit is going to be $8.4 million (double half year profit after tax), what should the Price Earnings Ratio be?

A price earnings ratio of 5 times earnings is $0.29 (Mkt Capitalisation of $42 Million, with 145 million shares).

A price earnings ratio of 8 times earnings is $0.46 (Mkt Capitalisation of $67.2 Million, with 145 million shares).

A price earnings ratio of 10 times earnings is $0.58 (Mkt Capitalisation of $84 Million, with 145 million shares).

A price earnings ratio of 12 times earnings is $0.69 (Mkt Capitalisation of $100.8 Million, with 145 million shares).

Any thoughts?

My belief is that it should be around the 8 times earnings mark. If it is growing revenue during a recession it is a pretty good buy over the longer term.

Best of Luck
Lost