Tuesday, September 27, 2011 10:11:53 AM
$4M net profit / $1.6B shares out = 0.0025 EPS (FY2012)
For PE of 10, then 10 x 0.0025 EPS = 2.5 cent PPS
For PE of 20, then 20 x 0.0025 EPS = 5.0 cent PPS
With share reduction via further common converted to
preferred to current float level of 900m, OS would equal 900M
$4M net profit / 900M shares out = 0.0044 EPS (FY 2012)
For PE of 10, then 10 x 0.0044 EPS = 4.4 cent PPS
For PE of 20, then 20 x 0.0044 EPS = 8.8 cent PPS
With both share reduction and previously announced buy back via PR with goal of reducing the OS to 500M shares
in 15 months time.
$4M net profit / 500M shares out = 0.008 EPS (FY 2012)
For PE of 10, then 10 x 0.008 EPS = 8 cent PPS
For PE of 20, then 20 x 0.008 EPS = 16 cents PPS
This exercise was for fun and could be way off since we do not know the actual revenues of 2011 or potential revenues of 2012. The r/m financial filings will allow us to fill in the real numbers in the near future. Either way, the above was using very conservative revenue and profits so I believe the estimated numbers above are on the low end of of what we will soon find out. GO TOFS
Bron:PhilCheeze
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