Originally Posted by
Roger
Crikey this rampersareus club makes me a bit giddy....might be the vertigo of such lofty expectations or the hangover from last night...reaching for his trusty abacus. Better put me down as the independent treasurer...I think I'll set the first years membership fees as...let me see...we all have to shout each other a of round of beers when we next meet up....hmmm so as membership grows so does the fun...hmmm that could be a problem if membership really grows...NO wait a minute, legend has it Forest is very good at driving drunk investors home after ASM's so we'll all be okay :D
Now moving on to the second order of business...what's the EPS for 2015. Brokers have this as 9.9 cps but coverage is so poor I think they all put their junior analysts fresh out of diapers on this so us trusty seasoned professional investors know far better and this thing builds like a snowball over time. Any old fool or old accountant even, can do the maths $11m Q1, $12m Q2, $13m Q3 and $14mQ4. Quite obviously those silly analysts have never heard of a trusty abacus. So that's sorted then, we have $50m for 2015 giving about 11 cps. I wonder where that puts the SP in mid 2015 with talk of acquisitions, buy-backs, synergies, special divvy's, maybe even the possibility of a takeover...opps sorry I digress.
Third order of business 2016 profit. Lets see. $15m for Q1 $16m for Q2..., does anyone else see this secret growth pattern :) ...(this is easy isn't it, we hardly even need a treasurer on this committee, sshhh i'd better not tell the other committee members that, opps did I really say that out loud)..so we have $66m for 2016 and on only 420m shares, (the stupid idiots who sold that lucrative HER business were even more stupid to allow the company to buy back their shares back in mid 2015), so this gives 15.71 cps. Now let me see...what's a fair PE ?...some of those banks in Aussie are on 15, that's seems fair to me.
So we're all good for 15 x 15.71 cps = $2.35 by mid 2016. Opps, does that run me a risk of being appointed Chairman :lol: