engineer with pe of 3 and 11.6% divs due soon, page-45

that shlda said 20% growth on core biz from 16.5mill to 19.8mill or 20mill

I dnt know what tax rate theyll pay so ive assummed 25% which brings NPAT to 15mill

Another thing is that the sale og buildings/land should add 8.5mill (ive added this pre-tax in the prev post!)

So 19.8mill profit b4 tax PLUS 8.5mill = 28.3mill

Pay tax of 25% = 21.2mill

EPS = 21.2/68= 31cents per share EPS for 2010

So thats what we're looking at for 2010. We should get circa 30cents per share give or take if the core biz grows 15-20% and we have the sale of the poroperty.

Core EPS of circa 20cps on forward PE 7 = circa $1.50

Againm, i dnt know what TAX theyll pay so ive assummed 25%. previous year they paid 15% in 2008. This year circa 5%.

I think next stop 1.20 if the market continues to go higher till end of year with the odd correction here and there