THE NEW PNC TELECOM

jak read post 1996 I think the word sorry is in there.

£215K in 6 weeks and turn over up. lets assume that the average for the next 8 6 week periods is £225k (allowing for future growth and new business)

GP = 225k / 6 x 52 = £2 mill ( I know I rounded it up)

Admin £406k (currently) lets add 10% and call it £450K
Directors wages lets say £250k (unless you know different)

I have not added any other income receivable i.e interest etc

So we have £2 mill less £700k and lets say they have 300k of other outgoings leaves a net profit of £1 mill.

Have I missed anything?

EPS is a very important calculation for valuing a profit making company. If you check the figures and even allowing for the dilution that may not be full finnished until 2012 calculate at a profit of £1 million pa and use a low PE of 10 you will see that this values the shares at 1p when fully dilluted.

Do you not agree?