If they achieve £2m pbit, then could be 2.5p earnings per share.However we d'ont know the likely level of interest paid.My hope is that the market will value future growth at a p/e of 15(not unreasonable for IT company) which could translate to share price of 37p.It seems to me that this company has been very prudently managed (writing off software costs asap) and would be an ideal candidate to be discovered by the IC.
If they did want to strengthen the balance sheet I would be happy to support them as I believe they could be at the start of a rapid phase of growth.
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