Hi there psychiatrist and everyone else out there. I bought a...

Hi there psychiatrist and everyone else out there. I bought a few of these a while back. On a quick inspection they striked me as a pretty good punt. First half EPS is 18.3c per share, double that to give us a yearly number, 36.6c. We know there was some disruption caused by the Queensland floods but there could also be some in increased demand for AIR products as well. Giving this a conservative "value stock" PER of 6 gives me a share price of $2.19 per share. If the boards current growth initiatives are successful we may have a EPS of 45c next year with a more generous PER of say 8, that would give us a share price of $3.60. Not too bad when you consider the good divvies we will be getting.

All this is just pure speculation and entertainment. I hoping to get some other opinions on valuations, possible changes to legislation or things I have missed. Onward and upward!!! :-)).