LEADCOM, a real growth company.

Ptolemy - 21 Dec'06 - 3289 of 3291: PP "I would expect Altium to upgrade to a 105p price target " Altium target is already 105p - announced in August.
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Ptolemy - Altium revised their target SP to 75p, based upon 13 x their estimated 2007 earnings, at the begining of this month after the last Leadcom trading update.

However that was before the news of Leadcoms credit rating became known which makes any further fundraising fairly unlikely. The forecasts incorporated in that trading update did not include anything for BSNL or Reliance going forward. If and when Leadcom can quantify the potential value of any BSNL sub contract work (and therefore add it to their actial forward order book) we will almost certainly see a revised SP target from Altium.

Until or unless this happens there is no particular reason for Altium to revisit this since, at tonights close on 55.75, the current SP is still 25% below their 75p target.