CNH 0.00% 7.4¢ china steel australia limited

"2008 EPS on 300Mil shares = $4.45 at 100% capacity on One...

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  1. 1,254 Posts.
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    "2008 EPS on 300Mil shares = $4.45 at 100% capacity on One product."

    if only.
    i just couldnt believe this, had a look at the 2008 end of year report and found out that it is actually 4.45 cents per share.
    i suspect that that it isnt a bad figure - otherwise the debt for equity swap would not have gone at 30 cents a shre.
    certainly, what i need to do is get a better understanding of is what is good and what is bad in terms of earnings per share in relation to tha shareprice market capitalisation number of shares etc.
    it lookslike they are going to triple their output and not quite double the number of shares on issue(the 30c thing).
    havnt got any yet, just thinking about it so far. 14c to 30c if it happens is still a good return.
    it also listed at 30c at the worst possible time - early 2008.

 
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