unloved debt collector, page-14

re: the wotif of debt collectors The PE is damn low if you askk me.

'Normalised' profit last year of $3.7m. The normalised profit takes into account a full year of ownership of the 180 Group plus a few other one-offs. I anticipate profit growth of at least 15% which would give a NPAT of $4.26m.

There are 98m shares on issue although there will be another 8m shares issue if the 180 Group meets its target for the year.

So assuming 106m shares on issue gives EPS of 4c. At 44c thats a PE of 11. I'd hardly call that expensive considering its growth prospects.

cheers