Usually the margins in Africa are high around 50% of the revenue, but let’s say we conservatively calculate %25, which gives us the profit of $48m per annum, and by the time we get to that level the SOI is around 2B, that gives us the EPS of around 2.4c ps and if we conservatively calculate 10x P/E, the sp should be around $0.24 by that time if you wanna be very very conservative you’ll reach $0.2 ps.
Ann: Arlington Pre-Daba Presentation 2019, page-24
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