Hi TheBoss,

I have been meaning to start a topic on this one but you beat me too it. This is what I wrote on sharescene a couple of weeks ago:

"From a fundamental perspective, last fin year they made NPAT of $1.7m on $14.5m sales, so a NPAT margin of 11.7%.

This fin year they reckon they have already identified sales of $20m of which $14m are committed. And in the AFR last friday they said this did not include routine business. So considering we are only 1/4 of the way into the fin year I'm thinking the full year sales could be around $25m or even better?

If they could maintain the same margin on sales of $25m they could have EPS of around 7.2c?"

These figures are just rough estimates, I could be way off. However I can't see this stock been negatively affected by the economic cycle. In my view, it should continue to benefit from increased spending on security by the public and private sectors.

cheers
Mark