Ann: Full Year 2010 Results Guidance , page-6

i don't post very often, but have been a long term holder continually buying more stock, but i have put the brakes on now. i am not sure about this result particularly as our divies have been burnt and management have not really gone out of there way to give us any reassurance that the plans laid out previously are bearing any fruit. so called new resources translate to more staff who must sell product to justify their cost. i remember their U.K expansion which floundered and was quietly never referred to again.The trouble is with this lot is that despite trumpeting the fact that if sales went up the margins would magnify. the real fact is cost have closely followed.
i do like the management, but they could certainly do with a good kick forward.
i will continue to hold for now, but i am losing patience after 3.5 yrs and the market will continue to ignore this stock unless it can increase profits and dividends reliably.