Hi ads,Who would have though the share price would be...

Hi ads,

Who would have though the share price would be $2.21???

The people selling recently will be very very sorry in a few months time.

Just look at the announcement last year which indicated that EBIT was up 40%.

If that holds for 07/08 we are looking at a NPAT of around $23m, or EPS of 17.4, giving them a PE of just 13.

Assuming a conservative growth rate of 20%(considering all the recent acquisitions and new offices they have opened) in 08/09, profit should rise to at least $28m.

Translates to a PE of just 10 in 08/09.

I would value DWS at a minimum of $3.20 based purely on a conservative growth forecast of 20% into 08/09.

If they continue the recent strong growth rates of 30%+ since around 2005, we could be looking at over $4.