already 15% isc traded16 Jul 2007 10:42
Firdays announcement contained the reality that Carter major growth has been tempered by the fact that they had been unsuccessful in large tenders.This may be a blessing in disguise,as it is better not to end up buying business at the expense of your bottom line.Too many companies overbid in their quest for growth which ultimatly means long term share value downturn.Hopefully when they tender for the other pieces they have been short listed for they will maintain their stance and not throw caution tot he wind.Secondly,they have down graded their profit forecasts from 15m to 10.5m which is a dissappointment,but as Davius points out the P/E is still extremely attractive.I missed the opening and already the share is moving upward,albeit slower than I had anticipated.This still represents a value short term stock at current levels