RCR are on track with expected rev of 525million for F09. I have...

RCR are on track with expected rev of 525million for F09. I have a contact close to the firm and he says they have exc reputation and still busy. They have work on Woodside's Pluto project which hopefully lead to more orders in the petroleum industry.
My estimates for FY09 are 18.5m profit(possibly more)and EPS of 15c. With SP of 50c that's PE of 3.3!! They normally don't pay an interim dividend but i expect divs of 8c in FY09= 16%Ffr.
Their strength is good reputation and large amount of repeat maintenance work. Oil/gas sector will be huge and hope they can get closely involved. RCR also have exc working relationship with WOR.
I am not even thinking of selling and expect very +ve half year result in Feb.