buyers have stepped in

It appears that buyers are starting to step into the ordinary shares. this has been happening slowly over January and today the SP moved up from $1.505 yesterday to $1.55 today and a buyer is sitting at $1.60 but no sellers.

I believe that the results will come in positively, however the board may want to confuse the situation with a writedown or announcement of the Vendor loan either being paid at a lower level or being written off. Notwithstanding, the currency has been favourable for TJM so its margins should have improved and the Electrical business was building up momentum in the back half of 2011 so if that kept going the first half should be a great result. On top of that the interest earning on the Cash should help lift earnings!