||COM SHS $0.001 (DI)
||EPS - Basic
||Market Cap (m)
|Electronic & Electrical Equipment
Prophotonix Share Discussion Threads
Showing 101 to 124 of 125 messages
|In spite of the meteoric rise during the past 12 months, Stockdale's forecast eps and consequent prospective p/e still looks too good to be true. This might be the case. Below is an extract from Notes to the 2016 AR.
"As of December 31, 2016, 22,965,040 shares underlying options and 4,456,067 shares underlying warrants could potentially have been included in the calculation of diluted shares.
However, as the exercise price at December 31, 2016 was $0.062 per share, only 5,175,000 exercisable options and 1,900,000 warrants were included in the calculation of earnings per share.
All other options and warrants exercise price exceeded the market price."
As I understand it, the share price rise means all those options and warrants are now exercisable. 6.86m options have already been exercised since the year end. If they all go this year Stockdale's eps forecast would be diluted to about 1.2p, a drop of 25%.
If PPIX had calculated 2016 diluted eps using the outstanding options and warrants, diluted eps would have been $0.011 not the reported $014.
Do any of you guys disagree with the above?|
|I've been looking at this. It seems to me that we could be into a cyclical upswing here and the risks to forecasts are to get multiple upgrades. The p/e simply illustrates that it is too small for most, but not for me!|
lots of upside potential
|Ah, I can see why now, with 139,950 shares bought. No complaints there.|
|It is a bit weird how the price ticks up, but there are no trades reported today.|
|Stockdale increased their target price from 10p to 16p - at which the stock would be on a p/e of 10x their FY17 forecast earnings, with further upside in due course. They forecast net cash at some stage this year - why are these sat at 9p?|
Well I am pleased to hear that. Very few buys and sells in the last couple of days, but at least that price increase in the last week or so is holding up. Appears to be a very good value share, but size of market cap, and overseas base is against it.
Need to patient with this one.|
|Hmmm...AJ Bell have always filled my orders for PPIX without any problems!|
|This is cheap as chips - given fast growth markets and company momentum it would not be unreasonable for this to be trading on a p/e of 20, double the current rating. The problem is the market cap, which at 6.2m is too small for most, other than the micro cap managers. In a market that looks expensive this looks like a steal.|
|Bit of a stock shortage here. I placed an order with A J Bell, and struggled to get it filled. I think that the order may have singlehandedly caused the price rise! Tomorrow will be critical to see if the price can hold at this level.|
|Hoping SIXH will follow suit with their 26% holding of PPIX|
|Breaking out @ 9.5p..
|From the IQE final results, released this morning:
"Photonics continues to be the star of the show with 43% year on year growth in sales, and a CAGR of more than 35% over the past three years. This is being driven by VCSEL and InP technologies which enable a broad range of applications from fibre optic communication, to advanced sensors, and industrial processes. The depth and breadth of photonics development programmes and customer qualifications provide a solid platform for continued strong growth over the coming years."|
|I make that a mkt cap at the moment of £5.61M compared to £7.5M on the OTC mkt in the US.|
|On a p/e of 6? Looks ridiculous!|
|Not too shabby results,debt paid down looks pretty good|
|all looks good - just need to get noticed.|
|Breakout very possible in the US|
|Just looked at Dialight DIA same sector- profit 13m on revenue 183m which is strangely 7% around the same as PPIX- Mkt cap £341M so PE of 26 !! .As you said Greedy PPIX looks too cheap.|
|Low PE on this years results let alone any growth for next year. Spread is tightening in the US someone paid 0.13 ...bid now 0.1|
|The photonics division is the fastest growing division at IQE....so reading across, together with more sales activity, PPIX should be set fair for the foreseeable, especially if you get a return to capital investment worldwide, led by the US. Looks too cheap to me, but what do I know....|
|Morning Greedy,It looks better than it actually is as the price quoted was the last price paid for shares not the mid price.Nevertheless still a good rise and a disconnect with the UK market cap which only seems to be getting bigger.Results due by the end of the month which by the trading statement we know should be good so I think its a touch of watch this space|
|Nice leap in the US last night.|
|Touching new highs in the US last night mkt cap a touch under £6.4m compared to £4.75m UK listing|