director buying on market, page-11

had a look at how AAX is tracking compared with competitors:

Price Earnings Debt/
Price 2009 6/10 6/11 Equity
WOR 25.5 18.6 19.6 15.9 0.429004854
LEI 39.05 19.1 19.2 17.5 0.541666667
AAX 4.35 22.9 12.8 11.4 0
UGL 14.76 16 15.9 14.5
MND 15.3 17 16.8 15.7

so for sure the historic PE is higher, but if you have a look at the forecasts in 10 and 11, especially on the basis of a debt free company, there is clearly a chance of rerating if they can deliver on those numbers. i think the jury is still out on that, but a few confirmed contracts wins will convince the skeptics. am in and thinking about topping up at present.