grizzly, don't think you have the forward PE right. All we know...

grizzly,
don't think you have the forward PE right. All we know is that the H/Y result will comfortably exceed the $2.2 million full year result last year.
So for the sake of the exercise let's say a H/Y result of $4 million is released in the next few weeks. Not even allowing for any further increase in the second half that would be a $8 million net profit for the year, an eps of 8c.

At the present shareprice of $1.50 that's a PE of 18.

Revenue and profits are growing strongly now so let's go one further and assume the first half net profit is $4million and a second half net profit is $6 million, total for the year of $10 million which is a forward PE of 15.

H/Y result will clear away the fog.

regards, EB