current trends, page-2

There are other potential concerns and reasons why the share price has dropped.

On a superficial look the PE seems high. However, you can't put everything on a PE for a company just turning profitable as it is off a low base and growing rapidly.

Concerns over the delay in U.K. Hospital guidelines.

Potential US hospital budget cuts.

Move to MES Managed Equipment Service model in U.K. (Less capital spend up front with pay back in higher consumables) Long term it's better for the company but short term less up front revenue.

Increased spend projected in the second half for geographical expansion, sales and marketing and R&D. (This company has high insider ownership and top notch management that think long term).

GE restocked last half and may have inflated the last half results to some extent.

Lack of news flow from the company with a shareholder base previously spoiled with Quarterly conference calls etc. Quarterlies no longer needed.

FX changes recently with a move in the AUD slightly higher.