I agree FDY is a bargain - heading for a 50% lift in HY and then...

I agree FDY is a bargain - heading for a 50% lift in HY and then FY profits for 2008.

That'll be a massive result post float .. and it looks like the growth is set to continue.

The company is clearly after a larger presence and footprint.

The new Melbourne office being set up and due to open any day - will bring a lot more business and Tim , the manager will be very focussed on the corporate side of things.

FDY will still be earning fees on the FAS/GWR takeover one way or the other - even if it misses on the bonus fees/options based on a successful take over.

there should be a lot more regular corporate deals announced and the next growth phase will also include a focus on creating an online business - attracting smaller retail investors - currently the brokerage arm derives income mainly from sophisticated, wealthy clients.

There's a lot to look forward too - including a significant share price rise - as this company gets the runs on the board - and the market rerates it.