LED - will these light up the portfolio?

Happy new year all.

IMHO LED could be one of the shares of the year.Despite the fact that some people think they may have to raise money in the next twelve months,I prefer to focus on the HUGE growth prospects they have ahead of them while undercutting their competitors.

"Over the next few years LED International will focus on exporting its products internationally, make suitable acquisitions and of course develop its product applications. The listing on AIM will serve exactly this purpose. Currently, in the US, LED accounts for the 30%-40% of new signage and it is forecasted that by 2010 it will substitute other forms of lighting, thus creating a market valued at tens of billions of dollars. In China alone, the current market for LED screens is 8 billion and it is forecasted to grow to 54 billion in 2008."

"The company has been profitable since its inception and seems to have various growth opportunities to further exploit. It has recorded an impressive sales growth, reaching £7 million for the year to June 2006 from £2.8 million for the corresponding period of 2005. In 2006, profits before tax reached £1.7 million, up from £0.6 million, equating to earnings per share of 1.25p."

Good luck for 2007.
RP.