Yes we might expect a trading update from RCG sometime in January. If it is as upbeat as we are hoping, it might well impact on the share price as it would justify a higher pe being indicated by the market.
One never knows for certain but these surges in turnover and profitability will inevitably level out somewhat - relatively small companies like RCG will surely find it increasingly difficult to maintain huge increases in both turnover and profitability year on year. I will be happy with 150p by this time next year based on maintaining a pe of 11-12 alongside better results. I am not really counting on anything more than that - we are used to a doubling of the share price, so anything a little less than that will be ok by me.
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