RD Thanks! You assumed that those who read your post were able to read the attachment I guess. I was rash and assumed that the number 12 referred to 12 months and not to an approximate p/e ratio. My brain was tired and I switched between US dollars and Norwegian crowns in my head. Part of what I wrote was so much nonsense for that reaslon.
It is fantastic if anything close to earnings per share of some 8 dollars can be achieved as early as next your. This leads one to assume that the pps will move much higher than 10 dollars when Cow Capital starts trading. What is also very positive is that even if earnings per share were to be 10% of what has been projected this woujld justify a stock price of 10 dollars per share.
Moreover, my impression is that fast growth is also expected after next year. This implies that a p/e ratio of 12 seems very conservative. A p/e ratio of 30 might seem realistic if earnings per share next year are more or less the projection. Are you able to sleep being aware of your future stake in Cow Capital and the implication that your shares may be worth more than a hundred million dollars in a couple of years?
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