C0nn0r - excellent post - good to see some projections - I could not have done it better myself. Although the pe should be 12 for a growth company, the sector average could be said to be around 8, and there could be an element of £200k interest payment to deduct as well. The point is the figures quoted by C0nn0r could be quite close.
However this untrusted management as partridge2 has said - did say that next year the turnover will be £5m more then this year making then £21m. Management may well be untrusted in their figures as turnover for 2007 is more likely to be at least £24m and we can see what the eps can be next year, and where the share price is heading.
Are we really looking at 4p as - wind up merchant - Haystack is forecasting?
It is like saying that Reading Football Club is going to get relegated this year from the Premiership, and Chelsea is going to win the title this year. Not a chance! Haystack should be manager of Watford Football Club - Why ??? - Because he never gives up !!!.And Watford needs a manager who never gives up !!! Haystack and Watford however may both be fighting a loosing, useless , time wasting battle.
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