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Re: VaAu post# 9

Friday, 02/06/2004 12:07:54 PM

Friday, February 06, 2004 12:07:54 PM

Post# of 1076
Hard to say until we know the outcome of 2003.
It is an EPS of around 2.5 cent.
Meaning that an investor today at 40 cent would pay 16 times the profit for the shares.
Equal to earnings are 6,25% of invested capital.
So if the full earnings was paid out as dividend, then it could be OK. But.. eh.. not likely, is it?

The book value is also a point.. Thus we need to know the outcome of 2003.

Kr
Jens


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