Replies to post #14097 on Global Developments Inc (GDVM)

[hydr0gen1]

You wouldn’t just double the first six months’ PE ratio to calculate for the year, would you? Or were you just calculating for the first six months of Q into?

I could very well be wrong but let’s just take this $1.6M profit for the Q and multiply it by 4 to predict an annual net income (assuming they can maintain at least the same, if not better, net income going forward):

$1,600,000 net income for the Q x 4 = $6,400,000 predicted annual net income going forward.

$6,400,000 / 368,333,637 = $0.017 EPS.

Add the 20 multiplier…

$0.34/share

Either way, seems there’s a lot to look forward to here!

Go GDVM!