Just quick summary to bring this to your attention; more detail will hopefully follow.
This stock floated yesterday at 10p and has since doubled. It has, needless to say, suddenly become very popular on another BB.
The company is profitable already and trading on an estimated (by yours truly) forward PE for the current year of 9 at SP 20p. EDIT: Hoodless Brennan estimate EPS for Full Year 2006 will be 2.18p - see article (link below).
Free float is 11.4% of the 81.2 million shares in issue - most are held by the directors.
Extremely useful Investegate article
LINK
Extremely useful Hoodless Brennan analysis
LINK
PDYOR, etc.