EPS will be about 2.8c for FY09. So SP of 5.6c puts BDL on PE of 2. This company has seen its revenue slow since decemeber but most rigs are still working away on sites with large blue chip clients. A PE of closer to 4 is more realistic IMO. Hence, 9c is quite achievable by end of June. BDL may pay a 0.5c-1c div in August. That will attract plenty attention.