does rdf need a red light on the price?? Hi Guys After making me...

does rdf need a red light on the price?? Hi Guys
After making me aware of your favourite stock I am having a closer look in more detail today,

First news clip that caught my eye is the one below dated Feb 04 ,thought it was a bit surprising that the projected profit for next year was only $3mill with 83,071,428 shares on issue but trading trading at $1.87,

Now the next question I ask myself has the s/p price on this stock got ahead of earnings ,

Admitted I am only early into my research, but am I missing something .



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Redflex net profit turnaround; no interim dividend
15:45, Wednesday, 25 February 2004

Sydney - Wednesday - February 25: (RWE) - Redflex Holdings Ltd
reports a net prfoit of $773,000 for the half-year ended December 31,
compared with a loss of $1.3 million reported a year ago.
Revenue was up 26.8 per cent to $13.9 million.
No interim dividend has been declared.
The board is confident of achieving a profit of more than $3
million for the full year.
Shares in Redflex fell 9c to $1.36 today.
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