Wittard of Chelsea - Going Blue all the way

Been looking at the numbers again:

H1 = Sales £15.7m, pre-tax loss 845K, loss per share 3.9p
H2 = Sales £19.52m, pre tax profit £1.129m, earnings per share 9p.

H1 this year, the company says sales up 9% or more on H1 last year and on much improved margins so sales of £17m on better margins suggests they could do a lot better than H1 last year.

I'm still banking on a loss of 2p or better in H1 which would translate into a 5p+ improvement on the coming H2 over last year, allowing for the greater margins. This would give 14p+ eps for H2, and 12p eps for the year - or a PE of below 8.3 and earnings growth of 140% and a return to dividened payment.

Has the potential to be much better than this tho. I'd say every penny above a 2p loss in H1 relates to around a further 3.5p+ for the full year at least.

Should be interesting.

CR