Originally Posted by
Snoopy
Hoop you are now on record as the second most intelligent PGW investor on the forum, second only to our old mate Winner who sold the balance of his holding at 45c shortly after Agria took the rest of his shares at 60c. My own shares still owe me 60c, so I am right down there on the PGW IQ scale.
Take my $7.4m calculation of operational normalized earnings, then multiply that by the profit prediction fudge factor for PGW of 3 and we are looking at $22m NPAT for the year. Divide by the 754.8m share on issue and you get earnings of 2.9cps.
At 41c share price this put PGW on a prospective PE ratio of 14. You would have to say a full recovery of seed sales and profitability in Australia is already factored in at that price. Just as well farming is such a certain business that these high PE ratios are possible, but now expected (see FSF). ;-P
SNOOPY
discl: delirious shareholder