This was in last Q2's results. As profits would be greater this time round I'm suggesting a £1.5m currency gain from last year.
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The average dollar/sterling exchange rate for the quarter was $1.89 (2004:
$1.74), a 9% decline over the same period last year. The net impact of the
adverse exchange rate movements during the period has been to reduce the Group's operating profit by £1.2m.
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The consensus for 2007 is £108.32m, which we should also comfortably trump a year early. Perhaps in hindsight AndySand was right to feel that the shareprice had gotten ahead of itself 9 months ago, but at this point it looks like it is ready to explode. My target was to double profits organically, so £121m for 2006. With a few juicy acquisitions we could be pushing £200m for 2007.