are we getting over-valued??, page-6

For the current Fin Year, if we assume no revenue growth, and they can get their margin up to 6%, NPAT will be $33.6M or 11 cents per share.

If they can get Revenue up by 7% to $600M, and achieve a margin of 7%, NPAT will be $42M or 13.7 cents per share.

I calculate the NPAT margin for the 2nd half at 5.6%. My first scenario is surely a reasonable expectation. If the second one eventuates I'll be counting my blessings.

There are higher margins elsewhere in this sector, so they are looking in the right place in trying to improve their fortunes.