pe 4 with massive growth, page-2

This stock is one that David Haselhurst (the Speculator) waxed lyrical about in November 2008 when he added more ETC to his August 2008 portfolio purchase (www.money.ninemsn.com/article.aspx?id=667772). He remained impressed with it when he carried it over into his 2009 portfolio (only one of 4 to do so).

Since then, ETC has been been derisked in a major way, as today's announcement - (www.asx.com.au/asxpdf/20090518/pdf/31hmxgj61qct3g.pdf)- confirms the China National Gas Tank project has kicked off, is likely to deliver AU$20M this 2008-09 FY and reaffirmed their AU$48M NPAT forecast for 2008-09.

With this latest NPAT estimate, I would expect a significant rerating of ETC once the news filters through to the wider market. And I would expect the Speculator to give ETC a boost in the near term when he updates his portfolio value to reflect today's announcement. Given he has a solid band of followers, I would expect any update to give rise to a new wave of buying interest.