Bond International - Strong growth at a reasonable valuation

Good stuff in an update from ArmShare, detailing the new broker EPS forecast for 2008:


"The company broker's note dated 19th December projects EPS of 12.2p for 2006, 15.3p for 2007 and 17.5p for 2008 representing P/Es of 13.6, 10.9 and 9.5 respectively based on the share price of 166.5p at 19th December."

With a 2007 PEG of only 0.45 BDI is still definitively good value for PEG fans.

And with 17.5p EPS forecast going forward before any further upgrades, there's no reason why BDI shouldn't end 2007 at 250p or more imo and have another fine year - this would still be a forward P/E of only 14.2.

Hope all BDI'ers had a great Xmas Day - should be another good year coming up!