NT, Don't see '50's at all!
With royalties of $24.5m and assuming (conservatively) head office costs are kept to a max of $10m, Earnings should come in at around 8.8c in 2015. At a multiple of 12 that gives a SP of $1.05 and so to get to 60c would mean trading at 57% of fair value.
Hoping for some clarity from HO with results as regards prospects and explanation of how market share held up versus revenue and earlier projections etc. etc.
Wazz
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