I missed the interest charge saved as a result of the capital raising. According to PT, it is $6million. Some of that will be factored into this years forecasts, but lets say it is $5million. That makes annualized cashflow of 82 +5 = 87 million.
Total shares on issue after the equity raising is 207 million.
So that is cash flow per share of 42 cps.
Current share price is 3.19
This gives a p/cashflow ratio of 7.59