Interesting to see another increase in forecast, nice to finally...

Interesting to see another increase in forecast, nice to finally see some overachieving.

When the company put out its earlier (3 fold) forecast I predicted that they were being conservative and we would exceed this target comfortably. I venture to say the same again. Be ready for big things to come.

Also the muted market reaction to what was quite a stellar and bold announcement seems to indicate that there are many people out there who were expecting to exceed the previous target. The market has taken this in its stride. The next step up may be on the back of actual projects and real cash flow. Bear in mind, we have not shown a positive cash flow yet. When we do I think you will see a serious reassessment of the company. There are many many investors who have been holding their collective breath for many years. The market will give PHK a big vote of confidence (may already have done to some extent) when they come through on recent promises.