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promethean - Tue, 02 Jan 07 :

100p will be a great milestone for a company that floated at 10p only three years ago...

The guidance in the trading statement should be interesting... i'd be very surprised if CS didn't raise their figures to at least 8.5p for the full year... i'd be really surprised if we haven't made at least 9p this year...

We are at that very interesting point where big funds can start accumulating decent stakes due to liquidity and higher market profile... this year ought to mark the point at which serious multiple expansion starts to happen... earnings growth will slow down and multiple expansion ought to do most of the work for us.

I don't see why RCG can't expand to a p/e of 20X historic earnings over the course of this year primarily due to the above factor...


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