So to begin with these accounts show that your £250k number is inaccurate. However, note that this profit is "gross", ie before admin expenses, these were £465k for the year to 31 March 2005, which is a typical amount to expect. But these figures are further distorted since they include a recovery of directors fees and in addition they are pre-tax. Hence all in all daniel333 your figures are worse than useless.
A simple "yes" or "no" is all that's required, do you now finally accept that your "PTC are currantly making a profit of some £250,000 every six weeks" claim is false?
regards
JakNife
Just to note the admin expense you quote is for full year and the GP is for 6 weeks. Using your figures it works out at
GP £250,000 x 9 = 2.25 million less admin of £465,000 = £1.75 mill
Yes I know the directors are now taking a fee but I doubt it will be more than £250,000 so we can say that a profit of £1.5 million is not unreasonable?
It is also usual to use EPS as a guide to valuing a company is it not. What are your views on this?
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