RE: Opinions are like ars***les17 Aug 2020 22:52
Calculations as shared by Weathergeek earlier today:
If you say 40m average and 368 companies... Again this is pounds and should be euros but were close enough these days.
Thats 14,720,000,000
1% of is 147.2m in profit
Divide by 32,755,000,000 shares
Earnings per share of £0.00449
P/E of 10 = 4p share price
P/E of 20 = 8P share price
P/E of 40 = 16p share price..