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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.
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