profit forecast
STS mentioned result would be in excess of $4 million for 1st half. I have since found out this in NPBT, lets say it is slightly conservitive and excess of $4 million is mentioned so might bump that figure to $4.4 take out tax of 30% leaves $3.1 Million NPAT
3.10/40,718,562 shares on issue = Earnings 7.6 cps
That is a healthy 40% growth on corresponding half, full year forecast could expect maybe 9cps giving FY result in range of 16-17cps. This means STS is still on a forward PER of 10. This is cheap given its proven ability to sustain earning growth and when compared to peers. there is also upside exposure to acquisitions to bolster earnings.
STS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
