Bought some of these Friday. I think that they will prove a good turn around story.
They are forecasting a return to profits in 2004 following a restructure of operations, and the board infighting seems to be behind them with Poole's departure. Also, Poole's shareholding has been sold, so that overhang is out of the way.
The 24.11 Chairman's statement gives a good rundown from their viewpoint.
I've been watching them for a long time and when 400k was taken out in one (I believe) hit @ 12c I took that as a strong buy signal.
I think that breaking 12c would represent a breakout and would look for a rise to 20c.
cosmos
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