Quote:
quote:Originally posted by Paper Tiger
Well a nice end to the day. $3.06 on lightish turnover. No sellers have come along to fill the gap below $3.30.
At the moment the concensus full year (Mar-06) profit is about $27m
so we are now trading on a forward P/E of 10.9, not bad for a growth company. $3.30 would be a P/E of 11.7.
Will be interesting to see if the bids keep sneaking up or a few more adventurous sellers appear.
The first quarterly announcement is due at the end of the month.
The 1st Quarter result is out on the 19th August. I had a small punt on these last Friday with this result in mind. Got in at $2.90 so I'm up about 7% already. [8D]