Ann: App4D and Half Year Results 2010 , page-14

22.5 EPS for thid half, they said second half pretty much the same.....but they did also say that things are IMPROVING + they have all the recent EPS eccretive future growth acquisitions out of debt fscilities whichll add to EPS.....

So im thinking Paul little was conservative in saying that the second half will be similar!

Say the seciond half they make 25cent per share EPS , combined with 22.5 = 47.5 EPS for the year

At a historic PE of say 15-16 and you get the current valuation or thereabouts of $7.50

Now LOOK FORWARD INTO FY11 and assunme EPS growth of 15% on the 48 EPS for FY10 and you grt 55cps EPS.

55cps forward EPS for FY11 (as all the acquisitions come on board plus some economic recovery translating into earinings)wirh a PE of say 15-16 = $8.50-$8.80

I think the SECOND half odf thid year will be BETTER than the 22.5 EPS for the first half, so im looking at 47cps for the full yr and about 55cps for next year

So it MAY be a decnt buy if you want to hold long term

In a years time it can be worth 8.50-8.80 on a PE of 15-16; If GROWTH outlook is stronger and economies recover in ket markets then the PE can be higher going forward

So it appears that short term its getting sold, but in one years time you may be able to make 15-20% return easy on the current price as an investor