new lows on the way, page-3

Scorcer, no news just sentiment. I was involved with the erp selection process and thought these chaps had a good business plan. BUT alas that was in the good old days of cheap debt, i now have great concerns for these chaps maintaining the 10m profit their debt is about 90m the last time i looked with flat earnings from the year before when debt was 30ish (DYOR). using a basic rate of 8% i have an extra interest bill of approx 5 mill plus overruns from other activities i see profit evaporating and while they could/should have a bright future for the coming 12 months i see wilderness (but i am a buyer at 10!)