An obvious selling expected on result day, those who have done...

An obvious selling expected on result day, those who have done their homework on LVT will hold on because LVT will be cashflow positive for the first time in company's life. As far as results are concern anyone who has bit of accounting or finance knowledge would recalculate what actual profit or loss of the company is e.g 14m one off cost and Ammortisation. EBITA improved 91% from 12m loss to 1.1 Loss. More expenditure on research means some new products should come out in due course.

I checked BTH and LVT results both has reported same losses as last year but BTH reported 2 million more loss than last year and yet have market cap of $700m. off course both have different business model but could be a good benchmark. The only problem with LVT is its share price is bough down by litigation and overspending on general expenses which are substantially reduced this year to win back the confidence of institutional investors.