Happy New Year all - I'm banking on advfn being a spectacular performer in 2006. Never forget the tremendous operating leverage this company has. Quite simply every extra dollar of advertising revenue is a dollar of profit at this stage (current revenues cover the fixed costs - any extra dollars have a 100% gross margin and the marginal cost is zero)
I predict revenues of £5m in calendar year 2006 giving £2m of net profit. PE of 40 would give it a market cap of £80m or five times the current level.
Hope I get to paste this post again and the end of next year.