SMC Architects My doubler for the 2007 is SMC. At present the SP is only marginally above where it reached before the Prelims back in April, yet: 1) significant acquisitions have been made since driving up forecasts for 2007 2) annual EPS growth on the back of acquisitions etc is running at 60% plus 3) the construction sector as a whole is likely to be strong for next year or more 4) other consultants and designers in construction are forward rated on p/e of 15+, yet SMC are on less than 11 for 2007 5) more acquisitions likely in 2007.
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