re: *** another perth special/ munch They will need $5 mill....

re: *** another perth special/ munch They will need $5 mill. profit which at a rate of a P/E of 20, will amount to $1 per share. (about 99 mill. shares).

They may or may not get that but they had outstanding accumulated losses of $5.4 mill on June 30, so I can't see them paying that much tax and I suspect that depreciation rates are high. (calculated on much inferior older screens).

I believe there will be a profit; if the rate of erecting screens is good and the contracts are solid, then I can see the present price premium being maintained.

Wait for the Announcements and see how we go.

Gerry