valuation if qtr profit close to$1m, page-2

A profit of $1m for the quarter, if continued for the rest of the year, would be $4m for the year (yeah, I did maths at school!!). That would value them at 12 cents based on a PE of 15, but being a growth stock, I think a PE of well over 20 could be justified at the moment.

However, it needs to be noted that their profit for July was only $200k, and to achieve a million for the quarter, they would have to double that for August AND September. I have my doubts that they will achieve this, however you never know. Either way, it has an outstanding future. Looks like opening lower today. Could be a good chance to top up.

Cheers.