For a little bit of fun, I´ve played around with my numbers to have a guess at where the Indigo shareprice could be at the end of next year. I have assumed that the sales turnover would have increased by 110% by y/e 7/2007 (not unreasonable given that it was already about 100% up at the time of the AGM). I have also assumed that R+D expenditure would have increased by 15%, admin costs by 20%, and margins to drop to 60%. This would give an EPS of ca. 60p. Given that growth would be expected to continue, I have attached a PER of 30 to arrive at a figure of 18 quid shortly after results are announced in September. (also not unreasonable given that the current historical PE is around the 80 mark). I expect that the AGM in November will provide further fuel to the shareprice in November, so will add 10% to this figure to arrive at my prediction of 1980p by the end of 2007.
Anyone got any other ideas ?
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