Agree that turnover will be around $56m, if you add back the non-recurring goodwill charge, profits this year should be around $2m.
It's very difficult to estimate profits for next year because nobodys quite sure exactly what turnover growth is going to be.
FWIW, if turnover growth is 30%, I reckon profits will be around $9m putting the shares on a prospective p/e of 20 ex cash. I'm hoping that the turnover figure, which is down on the 1st half 2004 figure of 34%, is being cautious given the growth in VOIP.
Bay View Cap stock quotes
Bay View Cap stock charts
Follow this thread
