headline points for investors

(1) Adacel's current market cap is $59mill. FY06 profit was just under $5mill, so ADA is currently trading on a historical PER of just 11.8.
(2) Management have a policy of under-promising and over-delivering, but have said that FY07 results will be better than 06 and 08 will be significantly better than FY07. I'm tipping a FY07 NPAT of around $6.5mill (Intersuisse said that FY07 NPAT could come in as high as $6.9mill). On these numbers ADA is currently trading on a foward earnings multiple of just 9 (but possibly as low as 8.4).
(3) Earnings growth is estimated at around 20-25% per year over the next few years.
(4) Most other software engineering companies on the ASX which have a similar growth profile to ADA are trading on PERs of between 20-30.
(5) Net cash inflow from operations for FY06 was $5.91mill. The company has solid cash reserves.
(7) The company has basically no debt ($109k at June 30, 06).

I'm predicting a 100% sp gain for this one over the next 6-9months, and a 200% gain over the next 12-18months.