Yep, US companies use the calendar year as opposed to the...

Yep, US companies use the calendar year as opposed to the financial year right?

If I can project a reasonable share price I might leave the rest of the year in the margin of safety but that might be a bit too much. To be accurate I need to see some of these contract revenues hitting the balance sheet to double check against my figures, but since it'll be another quarter before I see anything I want to stay conservative incase my projections are off. Otherwise I'll project the rest of the year's growth at the industry CAGR (or some derivative of that), which is highly likely. Will work on finishing the IFS and DCF models this week.

I'm much happier saying this is a buy with 200% upside after I've omitted a lot of value drivers than say this is a buy with 1000% upside using stretched valuations and then get it way wrong. I'm pretty risk averse too so I tend to be very conservative.

Hopefully my conservative figures give some of the shakier investors some confidence too. Don't sell out just because you're scared of a short term price drop!