breakout, page-2

Well assuming they hit guidance for normalised profit of $14.3-$14.8m (and they will), take the midpoint ($14.5m) and divide by 128m odd shares on issue and you get 11 cents normalised EPS. Chuck that on a conservative PE of 10 and you get $1.10 per share MINIMUM. Throw in those positive abnormals, growth prospects and the sustainability of business and you could easily arrive at a $1.20-$1.30 SP. No wonder she's running!