spoke to the company, its all good, page-5

Hey surfer,

When calculating PE's you should be using the NPAT figure. The figure you are using doesn't include expenses such as interest, tax, depreciation and amortisation.

The figure on page 4 doesn't take the above into calculations.

Anyway, if they can deliver on what they say, its sounds like a pretty good business. The proof in the pudding will be known when it has to report results, more importantly when it reports its first full half of results which won't be for another year.

Good luck

:)
Nic