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Ann: Half Yearly Report and Accounts, page-20

  1. 156 Posts.
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    Agree it is better than I feared it might be.
    Forecasts seem to be more conservative now no dopubt due to having been burned by loss of the big order in Middle East which they thought they had (presumably Israel due to US budget support block). Whether we will avoid another CR will depend largely on their success in converting inventory into cash - the emphasis on that was reassuring.

 
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