this is a very confusing company to say the least.
have a read of the promises made in the FY05 annual report, then the profit forecasts for the year ahead in the FY06 annual report, and then compare it with the dramatic change of plans in the FY07 annual report. these guys change direction/forecasts more often than a chook with its head cut off. still racking up losses on growing revenues, just how much revenue does a company need to make before it makes a profit?
maybe their stake in kedrion will prove to be a good decision but that is going to take time. probably worth a short term trade as you can bet london to a brick the independant review that they have commissioned will be glowing and that will probably be worth a few cents to the sp when it is released.
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