Here are some estimates regarding 4 major Latin American contracts coming up this year: PLFM has developed a radical and incredible wireless system with very little in infrastructure costs; take a look
PLFM should have a P/E of 25-45 base on being a wireless communications company.
2Q 98 30% of min $1,000,000 in subscriber fees for system 1 plus $7,500,000 cost of system 1. 3Q 98 30% of min $1,000,000 in subscriber fees for system 2 plus $11,500,000 cost of system 2. 4Q 98 30% of min $1,000,000 in subscriber fees for system 3 plus $11,500,000 cost of system 3.
Total $35,900,000 gross profits for 1998. Total $10,500,000 net profit (based on $5.4 mill subscriber fees plus equipment minus operating costs)
Total shares $10,500,000 divided by 15,000,000 shares = $0.70/share earnings PE 25 = $17.50/share PE 45 = $31.50/share
This is a very rough estimate based on their new release. Any comments??