FGX 0.00% $1.27 future generation australia limited

is this profit figure a fudge?

  1. 70 Posts.
    Hi all,

    looking at AIX.

    I don't hold, though I have done in the past.

    The profit figures look good, on paper. Trouble is, it seems to me that $96M of the $107M profit is from revaluations. This is the dort of dodgy accounting MAP do. I see revauations as being adding to NTA, not to profit.

    If this is the case, the actual EPS is about 4 cents per share or PE of 62.

    Can anyone confirm this?

    Opinions, please.

    Cheers
    Min

 
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