Hi Writer,
Agree with all that you have said, although (not wanting to pedantic) just wanted to correct the EPS figure and hence the PE.
From the Half yearly the EPS was 0.35cents
Calculated from:
Total comprehensive income for the period: 1,995,049.00
Shares on issue: 56,845,926
EPS = 1,995,049/56,845,926 = $0.035 = 0.35cents
If you assume the same earnings for the 2nd 6 months then total EPS for the year is 0.7cents or a PE of just over 17
Incidentally, BB shows the PE in the order of 26 (probably using the rolling year earnings which are lower than what ive assumed above)
Happy to be corrected if ive got it wrong, cheers willo
nice article in todays afr, page-8
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