AZG: Current shares outstanding today are 135M the 280M figure is for 2 years time considering all current options get exercised and the Accron shareholders get issued their shares. Pro forma profit forecast they gave in the prospectus for FY 10/11 is approx $3.7M therefore $3700000 divided by 135000000 shares equals eps of 2.7 cents per share and that isn't including recent acquisitions, but I'm sure you know this is a great company MMM, if people don't like they can short it or sell it but you and I wouldn't recommend that. MMM thanks for correcting me before my conservative FY12 forecast is for NPAT is $13.25M divided 280M shares is 4.7 cents. Currently however we are looking at least 2.7 cents per share for FY11, and these guys are likely to beat their guidance. I currently think AZG at 22.5 cents is very cheap for its potential.
Regards, Axiomax.
AZG Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
