Having had a proper look at the announcement (rather than at 4.00 in the morning.) I can't believe how conservative this company is in their estimates. Always have and always will be. Wish they would go out on a limb and project forecast something reasonable. Saying that the revenue and NPAT will be the same as 2005/2006 is just plain ridiculous.
What they are saying is that their 05/06 revenues were $121 million with NPAT of $16.1 million, and their last half of 06/07 was $60 mill revenue with NPAT of $8.9 mill.
If they just keep performing the way they have in the last half they will reach 05/06 revenue and NPAT. Aren't they a growing company with tenders in the pipeline. I'm expecting them to beat their 05/06 report by at least 20%.. If not considerably more. Surely they are not going to stagnate for an entire year.
Get with it guys, You sound like ripper with his WA surplus revenue each year...
(Well at least they are putting in a forecast for a change, albeit a very basic one and (hopefully) way off the mark.)
Geoff
PCG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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