The last set of accounts was for the 6 months to June 17. The bank balance was $50.8m as at June17 .. The company should have generated around $5m - $6m of operating cash for 2H. This would mean a cash balance of say $55-$56m.
The EPS for 1H 17 was 1.4cents. If XPD generates a similar level of sales and NPAT in 2h as per the 1st half the PE ratio will be around 1.1 x based on the last quoted price..
This seems to good to be true.... maybe it is.
A dividend of 1 CPS wouldnt be unreasonable given the large cash balance and earnings.
My preference would be a share buy back if the Chinese regulations can be complied with.
The last set of accounts was for the 6 months to June 17. The...
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