bought at 60c

XTs coming through at 60. Unless their is more bad news coming, she appears to be value. 60 seller may be a short term barrier. VWAP approx 61.7 atm....was thinking of waiting for the close but took the chance.
60 and under looks good.

Trashed today:

Sydney - Wednesday - April 16: (RWE Aust Business News) - Brierty
Ltd (ASX:BYL) has revised its profit guidance for the 2008 financial
year.
Following a review of the current contract operations pro forma
net profit for the year ending 30th June 2008 is forecast in a range of
$8.2m-9.2m.
The revised profit forecast compares with a forecast pro forma
net profit of $10.3m contained in the 2007 prospectus.
Managing director Alan Brierty said the company had encountered
operational issues on a number of its contracts which had led to an
increase in the costs associated with these contracts.
Revenue remains on track to meet the forecast of $199 million.
"The additional costs, some of which have been driven by the
escalating skills shortage in the market and rising sub-contractor costs,
have impacted on our margins," Mr Brierty said.
"In addition, we have experienced timing issues with a number of
contracts which have seen start-up delays.
"The fall in housing affordability has also led to a fall in the
number of major new contracts in that sector.
Mr Brierty said that while the projected result is disappointing
for investors, the company's underlying business and contract pipeline
remains solid and the company looked to FY09 with confidence.
"Brierty continues to perform very well in execution of its wide
range of contracts and continues to achieve satisfactory operating
margins on the vast majority of those contracts," he said.
"In addition, Brierty is currently tendering for a number of
significant new contracts in the mining and infrastructure sectors."
Mr Brierty said the company is undertaking an upgrade of project
management systems to meet the demands of the expanded operations and
will engage external consultants as required.
The upgrade is aimed at enhancing project management capability
and maximising operating margins. Brierty will report its full year
financial statements in late August.