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Subject: Value created by Sydney contract(assuming a p/e of 15) (in first year) Author: Steve Bonkers. [ Next Thread | Previous Thread | Next Message | Previous Message ] Date Posted: 03:53:50 07/14/02 Sun In reply to: Steve Bonkers 's message, "It was announced on the 15.3.2002ERG was removed from the S&P ASX 100" on 03:51:35 07/14/02 Sun http://www.stockhouse.com.au/bullboards/viewmessage.asp?no=4000440%20%20&tableid=2 --------------------------------------------------------------------- It is estimated that the Sydney contract is worth 8c per share. (pre stock dilutiion--Proton rights issue) --------------------------------------------------------------------- http://stocknessmonster.com/news-item?S=ERG&E=ASX&N=208692 --------------------------------------------------------------------- 207,974,122 new shares were created by the rights issue up untill that time ERG had 627,857,667 on issue it now has 983,302,611 tradeable shares (including convertible notes at a conversion rate of 1 for three shares.) a succesful outcome to the Sydney contract--ie the ITS consortium would add an estimated 50 million dollars to operational revenue each year from 2004 for ten years. 983,302,611 divided by 50.000.000.000 equals 5.08c per share. --------------------------------------------------------------------- All shares issued tradeable and non tradeable including options and convertible notes there are 1,053,829,000,388 divided by 50.000.000.000 equals 4.7446---if a margin of between 5 and 7% is earn't on that revenue it would add at 5% 0.254c to earnings per share or 0.3556 at 7% margin on 5.08c of operational revenue. On the 4.7446 figure it would add at 5% margin 0.23723 per share and at a 7% margin 0.332122c per share to eps. multiplying the lowest figure of 0.23723 and giving it a forward multiple of 15 times earnings it would equate to an extra 3.55845c on the share price, taking the highest figure of 0.3556 it adds 5.337675c to the share price. (assuming a p/e of 15) --------------------------------------------------------------------- http://www.stockhouse.com.au/bullboards/viewmessage.asp?no=3999977&tableid=2 ---------------------------------------------------------------------- http://www.stockhouse.com.au/bullboards/viewmessage.asp?no=4007995%20%20&tableid=2 ---------------------------------------------------------------------- Sydney contract adds operational revenue of 50 million dollars per year from 2004 for 10 years. ---------------------------------------------------------------------- [ Next Thread | Previous Thread | Next Message | Previous Message ]