Forum Archive Index - March 2002

["michael gore" <michgore@paradise.net.nz>]

According to the news releases I read recently, excluding the write - off,
FFS earned $41 million and there are 2781 m shares out there.  This gives
earnings per share of 1.5c.   That would make them expensive at 23-24c
wouldn't it?   So the market is still expecting further earnings growth to
come?  Is this too simplistic?
Michael

----- Original Message -----
From: "Derek" <dkw@paradise.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, March 07, 2002 7:22 PM
Subject: Re: [sharechat] ffs


> Hi Graeme,
>
> According to the December report
>
> http://www.fcf.co.nz/pdf/NewsRelease_0112.pdf
>
> They have 2781 m shares and a total equity of $ 1127 m
>
> This gives a net asset backing of 40.5 c
>
> I hope this helps,
>
> Derek
>
>
>
>
>
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