Its p:e of 32 doesn't mean much as it's measured against Wooltru's numbers but, at a share price of R1,05, it looks good This recently listed IT group, which specialises in data warehousing and business intelligence, expects earnings to be at least 20% higher for the six months ending February. Even though the increase is attributed to its reverse listing into cash shell Wooltru, there is some upside to it. It reported increased profit before tax from R600000 to R12,2m for the 14 months to end-August 2010. Its p:e of 32 doesn't mean much as it's measured against Wooltru's numbers but, at a share price of R1,05, it looks good.
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