npat up 250%, page-4

Morning all some of you need to talk it up although it doesn’t have much of a following I reread the blog but this time I look at it to find down side only still it’s hard to see a down side that wasn’t already listed and the projects that are delayed not canceled and the Company’s one of problems was a lack of labor to get more work so it might be a good time to tender for some smaller projects
This is off RM Blog by HARTLEY when the SP was 21c which still a rise in EPS of 1.2c a share
And I will stay in and buy more if it moves down and increase my holding to 2 what goes up goes down and it can be healthy but what goes down can be unhealthy or a good time to buy

Profit Guidance Being Missed: As with any company the risk exists that profit falls short of guidance. This is true with Allmine. However, the margin of safety on offer reduces this risk. The company made clear they expect the second half of FY12 to be stronger than the first. If we consider the possibility that this doesn’t occur, and instead profit continues at the same pace as the first half then NPAT will come in around the $12-$13m mark, the increase in the second half being due to the profits from CIA having a full 6 months to come through, unlike in the first half. In this case, and assuming the maximum possible share dilution occurs EPS will come in at around 3.2c and if you were to purchase today you would still be paying a PE of only 6, which isn’t too bad for a downside scenario.
Regard RJM1