bottom maybe in place now, page-16

I cant understand why people would want to buy today, read the announcment, there will be another announcment in a couple of days, and im sure that would have negative tones too it.

Im a shareholder, and i must start to question, whether this loss is the start of the slide to adminstration. Im sure banking coveants have been triggred, and when the banks smell blood, we all know what that means, higher interst costs and tighter lending conditions. Everything will now depend on the bankers... great.

Gee would like to work in adminstration office, msot of there heads would be on the chopping block

Even though the company has 250m of revenue, it has a cost base aimed at 500m of revenue, so the fixed costs are too high at the moment. Building industry margins aren't that great, and the problem the company has is building contracts are always scewed towards the begin of the building process, with larger payments first, and usually at the end the payment is 10% of value, with the cost between 10% to 20% to the builder. The loss is a result of not securing very much work. Those people that did the tendering process need to be sacked.