RDF redflex holdings limited

bit of a severe pullback happening...., page-17

  1. 3,702 Posts.
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    re: rdf -sp under threat! CSFB estimates are
    2005 2006 2007
    Profit before tax 9 16 25
    Tax 0 5 7
    NPAT 9 11 18

    EPS 11 13 22

    I would expect these estimates to be pretty close. The CSFB report also specifically stated that no allowance has been included for speed camera's so I think there is upside in 2007 and onwards in particular.

    By 2010 EPS will exceed 50 cents and still be growing at more than 20% per annum

    The key to the stock though is that earning's are recurring in nature so as each month/qtr/half/year passes the profits continue to rise.

 
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