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Gold/Mining/Energy : Napier International Technologies Inc. (T.NIR) -- Ignore unavailable to you. Want to Upgrade?

To: chris who wrote (1313)	8/14/1998 7:57:00 AM
From: AL	Read Replies (1) \| Respond to of 2444

A price forecast/justification attempt, Alastair informes us that the company confirmed that the earnings are an average of 50%. Very strong earnings. Given sales of 10 million and earnings of 40% at a p/e ratio of 14 to 1 (remember this is an estimate) that makes a share price of $2.50 per every 10 million in sales. Argue if you will, but I think there is no way that Napier won't sell any less than that in a year. I still believe they will sell at LEAST 30 million worth over the next year. Also according to Alastair, Aelicks reports 1.8 mil in the bank. That is worth about .08c/share.( times 14 = 1.12/share, and ya I know that could well be spent, but it is there, in cash ) And no debt. Who knows what the market will assign as a p/e. What do you think Sergio is doing now? Sitting around. NOT. He is a great scientist and I am sure there are more great products comming down the pipe. This also could be factored in ( like many other stocks that do not even earn $$ yet with a p/e of 400+ ) Take a sales figure of 10 million: Share price would be: $1.70 at 10:1 $2.55 at 15:1 $3.40 at 20:1 $4.25 at 25:1 $5.10 at 30:1.... and you can add that for every 10 mil in sales you get the picture The only thing we lack to accurately estimate a price is sales estimate, and what the market will assign as a p/e. You can bet they will sell at least 10 million within the next year. Regards, Al