when are results due out, page-2

Last year results came out on the 19/7.

Forecast for this FY is $21m (current pe of 5).

Last FY result was $25m.

Last years forecast was $33m - this was negatively affected by the GFC obviously and some major contracts where they lost money (problems rectified by the appointment of experience costing and contract managers).

So for me I see a FY 09/10 forecast of around $25m (forward pe of 4) which should see a quick re-rating to a forward pe of 6 in a nervous market and 8 in a new bull market. If this was to occur we should see a minimum 50% increase in price - similar to the figures the chartists have predicted.

Of course all happy speculation until we see the actual results and the market decides. However, selling is light just before results are due which can't be a bad thing.

Companies that are posting good results and outlook have tended to run for a couple of days so something to watch out for.