ah the market will do what it wants to do, on the surface this...

ah the market will do what it wants to do, on the surface this is a high PE stock even on this year's projected profit. It's not till next year that the PE will make it look cheap, particularly with the huge guaranteed growth built in. A superficial look?, sure you would say it's pretty expensive at $2, it's only when you look at the numbers, the long term contracts, the quality of the clients, and most important of all the quality of the RTS executive that you start to see the true picture.

A fair bit of the rise from $1.60 to $1.90 was fuelled by fund buying, they really seem to be a bit like sheep, one in all in, one out all out, it will start to run again towards $2 and they'll pile in again. Can't figure them out. If it's a buy at $1.85 surely it's a better buy at $1.75? Then next year when it goes into the ASX 200. they'll pile in at double these prices.

The RTS guys head for South America?, hardly! They're very determined to turn this into a billion $ company and will continue to bust their guts to get there. The main risk in RTS I had seen would be that the top 4 or 5 in RTS would be poached but I see that risk as receding now that the shareprice has recovered, they have the competition licked at least for the next year or so and are really on a roll.

Corporate in Melbourne still is not strong and the Comms division is a drag, it will become less so as the RTS revenue builds further but really something should have been done about Comms long ago, when that eventually does happen then the Melbourne corporate side can be thinned down a bit more as there certainly will not then be a need for a Holdings CEO.