They said that they expected the earnings to consistent for the rest of the year, with marginal improvements. 4x0.17=0.68 cents. However, the big question here is how many shares?
Net income Q1 = 5.1 so FY18 = 20.4 (i.e unless 2019 is worse than 4xQ1 then we'll get a bonus-dividend in 2019, unless the TRW-shares have been distributed, but that bonus would be far better than the 5% anyways).
OS-wise we have 38.5M shares now that we don't know how far will go (hopefully we're done), but we need to reduce OS with the collateral shares. However, we do have those 5.2M ECAB-shares that hasn't been issued yet (right, RD?) and that SIAF has said that might be settled for cash instead (fluff or actual?). Too many unknowns at this time to be able to estimate the EPS for FY18, but 1$ seems way to opimistic (unless they finally have started to underpromise - which might be the case - then we need to reduce OS to 20M...)
RD; Care to do an estimate of the OS at the end of the year?
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