Agree that trailing PEs are meaningless with regards a Company...

Agree that trailing PEs are meaningless with regards a Company at or near break-even, and also growing as fast as Secos is. The main thing to remember is the leverage that comes with scale. You can see it in the recent half year results, from memory a $3mill. improvement in sales led to over $1mill improvement in the bottom line. Though there are many moving parts, we can see that some costs like administration, employment expenses, marketing hardly moved, even though sales were up 30% from pcp. Please don’t rely on my numbers as I’m going from memory only. I believe some broker reports with detailed projections are available on the Company’s website.
Also remember that the addressable market here is bloody huge, on a global scale. Execution seems very good so I’m happy to take a position and be there in a few years time when profits move exponentially higher. With a high growth rate comes a high PE so hopefully just a continuation of what the Company has already achieved will see the share price at a decent multiple over today’s price in a few years time.
Just my opinions.