As you say, this is another extremely reassuring bit of news, and an indication of BDI's increasing clout in the USA. BDI's £24m m/cap is very low in relation to their market-leading position and global growth potential.
Even an in-line trading statement should see a substantial re-rating from what is about to become a ridiculously low historic P/E of just over 10.
With 10.3p EPS currently forecast for 2006, even a P/E of just 13 would give us a short-term share price target of 134p, i.e 41% up from here.
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