Hi All,What do people believe the true value of this stock to...

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