half year report , page-4

well thats constructive zinpin...

granted initial calculation was a fair way off given the quick rudimentary nature of the calculation.

Having had a better look:- Full year 07 expected EBITDA is between $7mill and $7.5mill, lets says $7.25 mill for convenience. If we take the ITDA costs of 1/2 year and x2 we get $4,968,000. Thats leave a NPAT (provided no income tax like 1/2 year result) of $2,285,00. Take this and divide by issued shares of 118,554,360 and we get an EPS of approximately 2 cents. Current Price of $.9 suggests forward PE for end fin year 07 of 45. Still very expensive given sector PE of 18.60. Are the growth prospects that strong to justify current price? The 10% (approx) drop in price following release of results (and the drying up on the buy side of market depth) is instructive!

Constructive comments, critisism?

My comments and calculations are unqualified (obviously) and do not represent advice, do your own research and seek your own advice etc etc