it is such a gamble but then..., page-8

I had a look at the financials of Isoft to see if I could make an estimate of EPS.I mucked around with a couple of items.Looking at the Isoft website they had a EPS of 6.5c for year ended 30/4/07.If I then add the EPS for IBA last financial year it is 6.6c.Total is 13.1c EPS this gives a PE of 6.8.

Another way to look at it is from profits I get for the two companies $37 million and if you add back cost savings of $27 million total of $64 million.Market cap $704 million PE 11.It all depends on how you look at it and the amount of cost savings.