where will it be in a year, page-7

Hi,
Thanks for the feedback. I have donemore number crunching. Taking a blue chip per of around 16, a fair price for Redflex at the end of finacial 04/05 could be about $4.50, a good pop on today's price.

However, the price is far forward of the curent PER and loks set to continue in that mode whilst the income ramps up steeply from US operations so I'm predicting a premium on that. I certainly wouldn't be surprised at $6 by mid year.

My only decision now is whether to buy or wait for a profit taking dip that may ever come and miss out.