Originally Posted by
Lizard
Hi Sulphuric,
Has been a profitable trade so far! :)
Their forecast for first half suggests revenue about the same as 2H11, but NPBT about $0.5m down - although that's not too unexpected when they had a bit of a rush up in profit at the end of second half. I think they are worth about 30cps, but don't expect them to get much past 27cps this year unless they go into upgrade cycle in the second half as happened last year. I'm working on NPAT of $1.7m for FY12.
If they manage the "investing for growth" part well, then there is quite a bit of upside. But could also be bumpy in a business this size, so I may take a bit off the table somewhere along the way.