Half year Dec 2015, page-3

Thanks Joe,

I did not realise we enjoyed past revenue from Scanmedics , and agree 14.5 million would be the number on that basis , we therefore need 15.5 million in the 2nd half.

On that point I heard over Xmas the CEO is off to see the manufacturer of Scanmedics head office in Denmark next week and is quite bullish at the moment on the initial period of that relationship

I agree a current year PE of 18 would be good buying for a company growing so fast , ie revenues and EBIT at more than 50%.

Really is hard to see revenue and EBIT slowing for at least 3-4 years , 1 or 2 acquisitions per annum and synergies and substantive geographical growth in areas of target such as NSW , QLD, NZ and SA .

The numbers do suggest we will break the 37 cents medium term resistance , but for it to break the 50 cent short term share price I agree my 13 million might be a bit under the mark and do need to be

Revenue
14.5 million with 2nd half 15.5 - 17 million
EBIT , between 10% and 12% heading to the 15% level on greater scale in 2016 .

Where did you read the revenue was backdated, I cant find it in the announcements , I am sure if revenue does exceed 14 million for the half we will bounce