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28,706 Posts.
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21/09/15
20:25
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most performance rights have very low (easy to attain) milestones
the 1st milestones are easy to achieve, namely, $2M revenue and 10 cent share price
the 2nd two milestones i think are a harder to achieve
for example, $2M EBITDA is say $1.3M NPAT, which equals 0.0031 EPS
in other words, to reach 20 cents, the PE ratio must be 65
if we factor in a PE ratio of 33, the EBITDA to reach 20 cent share price must be $4M
