P/E ratio4 Oct 2018 14:38
Just seen an interview with Paul Vonk of Angus Energy where he spoke of P/E ratios in the oil sector historically falling in the 15-25 range.
If we take the middle of that range, 20x, and assume 2018 earnings of 40c, that gives us 800c for Genel or, at $1.3 to the £, 615p.