The company has noted that the second half of the year is historically slower. They have also released that Feb was the best month in the companies history.
Full year eps was forecast at 4.2c so a conservative PE of 15 will put the sp at $.63.
Given the statement RE. Feb being the best month in the companies history, it is my expectation that the Full year report will read along the lines of "despite seasonal challengers, we have been able to increase sales and profits". If so then a $1 sp is easy.
Unless there is some profit taking before the eofy it's not looking like you will find any selling volume at lower levels.
ITD Price at posting:
58.0¢ Sentiment: Buy Disclosure: Held
