Tuesday, September 19, 2017 9:50:11 AM
In its press release of May 24, 2017, Xebec provided earnings guidance for fiscal 2017 which was in the range of 0.01 to 0.03 per share. Preliminary financial data for Q2/17 indicates that revenues in Q2/17 and favorable changes in the order mix will lead to a material change in the outlook for earnings in 2017. Consequently, Xebec is now guiding toward higher earnings, expecting in the range of 0.04 to 0.06 per share for fiscal 2017. Xebec anticipates that revenues will be in the range of CDN$ 15 to 18 million for 2017.
That will be a game changer for the PPS.
At 20X thats a double and at the current p/e multiplier it means a $3.20 price target on the low end.
Once we get some analyst coverage we should see some nice volume and appreciation.
GLTA & JMO
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