Thanks for the replies guys. I also just found this at motley fool dated today:
"ThinkSmart Limited (ASX: TSM) rose 2 cents, or 9.8% to close at 22.5 cents, and is up 6.7% in trading today. The most likely cause for the rise was an article in yesterday’s The Australian, where Chief Executive, Ned Montarello suggested that the company’s current P/E ratio of less than four is “ridiculous value”. Montarello also believes that earnings will soar from next year, partly because of a change in accounting method for revenues. Revenues will be booked over the life of the contract, rather than upfront, as it is now – a move that will hurt earnings this year, but lead to more normalised earnings from 2013."
Cheers, Sharks.
TSM Price at posting:
22.5¢ Sentiment: Hold Disclosure: Held
