2019 stock hopefuls

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25 Jun 2019 09:13 - 25 Jun 2019 09:13 #24833 by Garak
Replied by Garak on topic 2019 stock hopefuls
Now CNMC hitting 28.5 cents !

U can refer to "GoldFocus" post on Sharejunction where he estimates profitability of CNMC this year.

www.sharejunction.com/sharejunction/list...topicTitle=Goldminer

Profit for 2019 = 38,000 Oz x USD427 = USD16,226,000 (SGD 22,067,360). EPS = SGD0.0541. At current share price of SGD0.265, PE is only 4.90

I think his steps are ok but he forgot to impute a tax on the SGD22.1 million profit. in other words, that's pre-tax profit, not net profit.
In 1Q2019, the tax rate was 27%.
Last edit: 25 Jun 2019 09:13 by Garak.

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