Given EPS forecasts to March 2005 of 25p from Numis and T&G, a P/E of just 12 would give a target of £3, so I'd agree that this is achievable as a minimum if March 2004 are as expected. I'm hoping that results will be better than forecasts though, especially as for the last couple of years the H2 results have been 10%-20% better than H1 (Xmas seasonality?) and there are acquisitions coming into play as well.
With the divi yield on top, the first half of 2004 could be quite rewarding. Let's hope for some tip action as the cherry on the cake.
Hitachi C stock quotes
Hitachi C stock charts
Follow this thread
