Trifast Plc

Hi boxerdog. The consensus forecast for 2007/8 is almost 7.5p EPS, so if you give that a P/E of 14 to reflect growth and prospects TRI could trade at 105p or so imo.

But TRI made 3.47p adjusted EPS in the H1 just gone. For the year to 31/3/07 they might expect to make, say, 7.5p EPS, well ahead of consensus 6.8p EPS.

In which case the 2007/8 EPS could be lifted to around 8.5p, giving a realistic share price target of 120p.

The share price may continue smoothly moving up, or it might retrace slightly. Who knows?! I suppose you have to decide whether to buy now or whether you want to wait for the sake of a couple of pence.

Good luck and Happy New Year whatever you decide!