result better than expected, page-9

ivanovich EPS uses NPAT not EBITDA in its calculation. Given the relatively high interest payments and the high D and A expenses, NPAT will be considerably lower than EBITDA. I think EPS of 4.8cps for the 09/10 is wildly optimistic to say the least. i think brokers covering it were forecasting EPS of about 1.5 cps for the first full year of direct charging-although ill need to double check that. that being said i will be very happy with 1.5 eps as sargeant has already said it will be spitting out a very reliable cash flows. This will provide the base to reduce debt, increase number of machines, further acquisitions and heaven for bid in a few years the payment of a divvy... Looks like the story is getting out there already. Up solidly today. Still disappointed i didnt get the chance to buy in more under 10cents. Had to seriously sell down my holdings during the first half of the year unfortunately. Although before now and March i still think there may be the chance of getting a few more around 10cents.