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CockneyRebel - Tue, 30 Dec 03 :

How many investors blindly look at the Historic PE of 27 and fail to buy.

On 50p eps this year then come March results the historic PE falls to below 10 and the forward PE probablyt falls to below 7.

And there's a big chance 50p eps gets well beaten here.

So the realy may be that in March many investors realise the PE is current a quarter of what's being priced in.

And then there's a 4% yield still I'd say.

All of this and growth in excess of 100% while Braemar Seascope (BMS) trades on a forward PE of15+ and shows virtually no growth.

CKN eps growth compound over 5 years is 70% pa, BMS eps over 5 years has fallen.

With CKN's market cap at £77m it should also enter the Small Cap index at the next revision - watch the Small Cap funds gobble these up.

CR


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