Who knows how much turnover they will need really but what I can say is:
There are 138,846,586 ordinaries out there.
So, to have EPS of 1 cent they need a profit of $1,388,466
If they were to distribute 100% of the profit that would be your 1 cent per dividend share.
The share price for Blis has always been based on potential and not on revenue or profit.
Back in 2001 (give or take a year or so) when it was near $1 it was based on potential. Five years ago it was around 20 to 25 cents and it was based on potential. Earlier this year it was at 3.5 cents and it was based on potential. The markets evaluation of Blis's potential has reduced hugely over the years! I think the market as a whole gave up on Blis years ago.
It will take a lot of success for Blis to be valued again as a growth company with a share price to match.
It seems to me that the company is turning itself around, and has made dramatic progress over the past 12 months but still has a long way to go before the market starts to value it as a growth share and starts to get excited. Having said that, it is way ahead of its recent lows so notice of progress has been taken.
But if/when it gains favour I think the market will get excited. It certainly did over PlusSMS and Sealegs just to name a couple. It would be very easy for the Blis shares to get caught by hype.
For me, I have bought a heap of ordinaries and preference shares this year as the progress has become evident, and the potential looks more and more likely to be realised. I have bought them based on that potential and not on their current earnings or potential for dividends in the next year or two.
Several months ago I publicly set a revenue target of two million for the financial year. I said if they achieve this I will be happy as it validates my belief they are on the right track. If they don't, then I will have to reconsider my holding. I am feeling pretty confident they will reach that target.
The more interesting thing to ponder now is what sort of revenues will Blis be achieving in the following few years?
What effect will gain GRASsa have?
What effect will Nestle launching a baby formula product have?
What effect will their research with the other global consumer products company have?
What effect will the numerous other developments have?