Originally Posted by
Snoopy
Looks like you guys need some assistance in calculating PE ratios. The above calculation was based on the FY2014 results. The FY2015 results include a one off $1.681m charge related to listing on the ASX. I wouldn't count that as part of a normalised result.
So actual ongoing earnings for FY2015 were -$1.137m + 0.7($1.681m) = $0.04m, or $40,000.
In fairness ATM were forecasting zero underlying earnings, so I guess in that context the result was quite good.
No. of share on issue is 723.3m
So eps is currently: $0.04m/723.3m = 4,000,000c/723,300,000 shares = 0.00553c/share
At $2, this gives a PE ratio of: 200/0.00553 = 36,000
That is a big improvement on last years 36 million I grant you. But 36,000 is more than a little north of 45!
SNOOPY