RE: See an afternoon8 May 2019 13:35
Yes agreed with this oracle, in fact you used a conservative pe ratio so really the valuation should be higher
we’re in for a huge rise from these low levels
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Ok lets say 20% taxes
Whats 20% taken of 40 million
£32 million
My calculation is for £30 million so 11p is happening and dont be like barcelona and miss out on the finals folks.
11p target explained
This is based of the Price to earnings formula. End result 10 bagger coming here all. :-)
1. Price per share = PE ratio X earnings per share
2. we make post tax earnings of 30,000,000 for the year say from from one contract
3. we now have 1,804,744,243 shares in issuance (per RNS 29/10/18)
4. That gives us earnings per share of .0166
5. If we have a PE ratio of 7 to be conservative like Covanta
6. Price per share = PE ratio X Earnings per share
7. Price per share = 7 X 0.0166 = 0.1163 = 11.6p
And that is from one 100 m contract - we have several to come
Look at peers
EQTEC 20 MILLION market cap only versus
Covanta - $1.76 Billion
MVV Energie - $1.67 Billion
Grandblue Environment Co. Ltd - $1.4 Billion
GCL Poly - $1.12 Billion
China Everbright - $0.82 Billion
Hitachi Zosen Inova AG - $0.518 Billion
10 bags sir. Yes please