Ann: UK Business Update, page-21

Thanks TP, interesting this about that BH report is that it contains information not provided publicly by SPZ:

"It appears that the EBITDA shortfall has resulted from the hire of additional sales staff .....(and).... some new site acquisitions are on a revenue share basis (usually restricted to multiple site deals) which lowers revenue yield to SPZ."

So, GuyIncognito, based on this new information and the BH report I doubt that we'll be seeing $8.3m of EBITDA this year unless the Technology Division performs especially well. (Remembering that TD made a H1 loss of $.466m before inter-segment revenue (loss) of an additioal $0.7m).

The BH estimates of $5.2m EBITDA and eps of 0.6c seem in the ballpark.

It will be very interesting to see if valueadd is correct and the price slips back to 14-15c, because in my mind that would make it very compelling buying. Already tempted to add some more at these levels.