itd will get smashed tomorrow

Announcement today. ASX pulls up the insider selling.

Last half $20M revenues and $1.5M NPAT (after full 30% tax).

This full year $35M in revenues and $2M NPAT.

Revenues this half down 25%. NPAT down 66%.

123M share currently on issue. Although the profit and loss statement for 30/6/07 will not used all the shares on issue for EPS purposes, the EPS on current amount of shares on issue is 1.6 cents.

Place ITD on a PE ratio of 14 (optimistic) and we get 22 cent share price.

Every loss is a lesson. Opportunities abound on the ASX.

AZC, CUO and VRE are my current low risk high gain picks.

Those who need to, make up your losses.

Good luck. Losses are easily made up (although ITD a one bagger for me).