capital raising, page-36

EmDe, do you mean an intrinsic valuation calculation??

If you did mean, Return on Equity (NPAT/Equity) it was 20% last year (8/40), this year I don't know, lets see how the capital raising works out (because this will effect equity) and also I don't know what profits will be although I think around 11 million (conservative going by revenue growth although allowing for slightly impacted margins.)

This year I value the shares at just under 70c, this valuation is rising over the next years as the company grows although I haven't made any calculations for future years because I think its a waste of time.

Too many unknowns, too many things can change. I disagree absolutely with Roger Montgomery when he uses analyst forecasts for 1 year 2 years in advance to calculate a company's intrinsic value because these are people I have no confidence in and whose ability I do not rate (the great majority anyway.)

So why use their future guesses??

Happy Christmas to everyone on this forum, I hope you all have a great day tomorrow.