full year loss

i'll repeat that title
FULL YEAR LOSS.

as i stated all along the cunning tricks of using Pro Forma forecasts and excluding statutory forecast declarations has allowed BYL to pull the sneaky one.

They then have the hide to come out and make such statements as Explanation of EBITA, explanation of (loss) from activities. And state that in their forecasts dated 21st august they excluded listing expense and the like????

Well i'll say one thing, i now understand why so many accountants have been placed on the board! the tricks of the game.


now for the REALITY CHECK;

revenue up 40%
EBITA DOWN 56%
PROFIT DOWN 133%

net LOSS 1.336 million


and NO FINAL DIVIDEND. well we didn't expect one with no profits did we? makes you ask why was there one to start with so early in the piece?


AND THE REAL REALITY CHECK.

Net asset backing of a meagre 26cents per share!
thats down from last years of $128.53.
thats a 99.8% DECREASE.


and the one that really got me a press release "(BRIERTY) EXPECTS IMPROVED YEAR AHEAD"

....we should hope so!!!