eye and Paul, the Intersuisse projections were for about 15cps...

eye and Paul, the Intersuisse projections were for about 15cps earnings for 04/05, 25cps for 05/06.

As for the $5 SP, depends what PE the institutions reckon that sort of growth is worth, here of course I'm assuming that at long last the company produces those sorts of figures.
Say a PE of 20 gives a SP late next year of $3, then a PE of 30 gives a SP of $7.50 late 2006.

A fairly unique feature of the Traffic side of Redflex is its predictability with long term contracts, blue chip clients, a 7 year data base that allows accurate citation forecasting, a large contracted order book still to be installed and the 2 or so new contracts rolling in each month to put 20 to 30 more systems on the order book.
I believe their half on half revenue and profit figures from now on will show spectacular but steady growth, it's real 'click' annuity style revenue that even the most conservative fund will lap up. And it's the funds, even now, that will drive the price, a couple of good half years and the stock shortage will become acute. About 83million shares on issue, at a guess 50% would already be in long term hands. Very lightly borrowed, the company has said further funds required will be by way of straight debt.
Looks good to me.