how you get your historical PE 6.8. 1H EPS only 3.55c.
Spoke to semicon engineer contact, not convinced about their claims of industry breaking and lowering test cost substantially. Test house doesn't need such high capability for normal testing. Cost is more important.
look at recent 2Q report, Net bottomline is actually only $241k, high in raw material cost is killing their profits. Intel order more also no use, seems like a "low/no margin" product.
ALLIANCE MINERAL ASSETS is listco in Singapore and an Australian-based miner.
It is going into production of lithium. Share price moving up strongly like other lithium plays listed on ASX.
Australian lithium miners in focus on rising global demand for electric vehicles
March 8: $1.555
Mar 9 (T+1)
Mar 10 (T+2)
March 13 (T+3)
March 14 (T+4) .... Today.... $1.83 or so.
PE based on CIMB's forecast of 28 cents a share for FY2017 is now only 6.5X.
Therefore, good chance AEM is now a buying opportunity as it should re-rate to above $2.00. Fair value is what? on 10X PE, it would be $2.80 (pre-bonus)