rdf great result

RDF
To open much stronger today.

Half year results were excellent, not for the current result of 773K profit but for what it says about the future.

The tone of the report is now much more upbeat, the company is now clearly confident in what it can achieve and is now telling the market the real positives that have been happening. For example Install rate 15 a month and to be upgraded. Last time they said minimun of 10. At the time they were doing 15. Nothing has actually changed but they are being less conservative now in what they say.

Full year profit of 3M min. Looks a bit light to me
Installs to reach 300 by june 30

All the numbers up by big percentages

I really like the graph on EDITDA and operating profit. At last you can see the significant growth which is occurring

Having carefully studied the numbers I am pretty confident with my forward estimates. This is where the real growth will happen. Numbers are before tax which will be payable somewhere in 2005/06
2004/05 12M
2005/06 24M

And the numbers dont get any smaller in the outer years

I hold lots and continue to hold