june - expected cash flow

Just spoke to David at TOX and he said that June is once again looking early like another great month. He said that a small boutique funds manager will be meeting with the company on Wednesday with a view to take some stock. He also thinks that the underwriter has sold all his shares. He thinks the selling is coming from a punter who bought 5-10 million at 1.9-2.1 and is happy with the profits. He once again said that profits will be strong for the entire year and thinks profits of 3-5 million are reasonable assumptions. Put them on a P/E of 8-12 for an industrial company and work out for yourself what the SP will be in twelve months time.

cheers