Lots of positives especially England Business transforming in line with last years predictions and strategic plans. Concerns expressed that this was not translating into profits and a better return on capital. Mesasage from management a bit cryptic. Chairman predicting in his address a "rewarding year" but also stating there would be interesting challenges. The CEO stating the year would be "exciting". Repeated assertions that strategy is working. Management couldn't be pushed on an EPS, stating inability to predict due to the timing of contracts. Delayed contracts cutting revenue and adding to costs. My interprtation is optimistic, revenue will be solid and upwards.The upward depending on factors outside the firms control.
HSN Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
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