Richardfromrugby
10 May 2018
Re: profit per share - is this it? tt when i left school there where no calculators the upper classes where tought to use a slide rule.i left shool in 1960 at the age of 15 i am a self taught man. from the age of 13 i did a paper round and read through 10 or more news papers and mags a day including the pink or ft and the farmers weekly
Thomas Tallis
10 May 2018
Re: profit per share - is this it? I would put both sets of numbers, yours and cider boys, into a spreadsheet but I don't know if if I can paste the results into here so you can see them.
Thomas Tallis
10 May 2018
Re: profit per share - is this it? cider boys - I used your numbers and got the answer you got.Richard. I prefer a hand calculator but my old one doesn't have a battery in it so I just use the one on the computer.It is has been so long since I used my hand calculator that I have forgotten how it shows numbers when there isn't enough room to fit in the leading zeroes, but it will have some means of doing it and I think it probably will be in the form of "E" something, as described in that pdf, but I'm sure I once had a calculator that had ten digits for the main display and to the right it had an extra two digits, separated from the other ten by a small space. In those two extra digitst just showed "-2" "-4" etc. with no "e".Could you put the numbers into a spreadsheet?
Richardfromrugby
10 May 2018
Re: profit per share - is this it? no a hand calculator,would it not show on that .when i have done this before i had some one else on the computer typing and doing the maths a i dictated the equation
cider boyz
10 May 2018
Re: profit per share - is this it? TT you seem to know the right end of a calculator, please try using my numbers and see what you come up with. Please feel free to amend the exchange rate, and the number of shares to what you find on the web....
Thomas Tallis
10 May 2018
Re: profit per share - is this it? Although it is odd that I put in your numbers and I got "e-4" - did you use the Windows 10 calculator?
cider boyz
10 May 2018
Re: profit per share - is this it? Hi Richard the problem is you keep typing in the wrong numbers....your initial calculation of value of profit for the JV is 1000% out, actually its 1000 understated, but then you somehow compound the error by dividing the profit by the wrong amount of shares, I think were all agreed that the number of shares is circa 1 billion! or 1,059,677,937!
Thomas Tallis
10 May 2018
Re: profit per share - is this it? OK Richard. I wasn't certain that this was the answer, that' was why I asked "is this it" rather than putting "This is it"I was just trying to help to sort it out.Next contributor please.
Richardfromrugby
10 May 2018
Re: profit per share - is this it? hi tt i have just resubmited the numbers and i get 0.014185 and nothing else on the screen
cider boyz
10 May 2018
Re: profit per share - is this it? Hi Richard, what were trying to say is you have got the decimal point in the wrong place.... and as such are out by a factor of 10!
Thomas Tallis
10 May 2018
Re: profit per share - is this it? Did your calculator show "e-4" on the right hand side of the answer?Simple as that. If it did then that is the exponent and you have to multiply it by 10 to the minus 4From Google -If a number is too big or too small to fit in a calculator. display, often, scientific notation using the letter E (or e) A for exponent (power or index) will be used. Practice. If you multiply 10 000 000 000 x 10 000 000 000 =What does E mean on a calculator?[link]
Richardfromrugby
10 May 2018
Re: profit per share - is this it? sorry tt you have lost me on the e-4 bit can you clarify
roco200
10 May 2018
Re: profit per share - who is going to arbit... Is Richard assuming a valuation based on 10 times earnings.Probably a bit sporty in this market.But got to add in some valùe for Salinbas (could be worth 2p per share) and other satellites around a Red Rabbit. Then add in the value of our investments, the $3.5m debt owing to us from the JV, the stockpile and any cash.
Thomas Tallis
10 May 2018
Re: profit per share - is this it? Richard - what sort of calualtor did you use? I ask because I have just followed your calculation using the Windows 10 calculator and it gives the answer as 1.41858 - BUT look at the other end - "e-4"Is this what was hiding in the woodpile? You have to multiply your answer by 10 to the minus 4!As I said, the market doesn't give away bargains and a share price of 1.4 when there is a quarterly profit of more than that has to be suspect.
cider boyz
10 May 2018
profit per share - who is going to arbitrate So come on , there must be someone who is willing to arbitrate between me and Richard... as yet I think the challenges to my maths are:I used 1,059,680,800 instead of 1,059,677,973 (I accept I took the rounded up number from the analysis tab). This is less than a 0.03% margin of difference, not a 1000% difference we have between us!I used £.74, to the $1 - taken from online exchange rate today. Even if the website I used is wrong this would only account for a 3% variation not a 1000% variation.Cmon Richard, either accept you have fat finger syndrome or tell me where I am wrong by a factor of 10!
