Sorry i was a fund manager for 13 years and what you are saying is bollocks.
Have you considered if the DCFM comes up with a NPV of $20m or $30m what would you do then. Sell like you did today.
if one prefers an earnings approach the whole market segment in the industrials are valued on prospective earnings going forward. never been on todays earnings.
Cannot be fagged, believe what you want.
Flux
KAB Price at posting:
0.9¢ Sentiment: ST Buy Disclosure: Held