Agreed and this supports the contention that was previously...

Agreed and this supports the contention that was previously stated in that the accounts on the revenue side will improve with the Magontec acquisition due to an established business with established clients. The trick will be to convert the revenue account and clients to profit - not so easy in the current "emerald city" of Europa just somewhat north of the land of Oz ( all puns intended). "We are not in Kansas, Toto!"

If management are able to maintain sales and margins,then this will easily quadruple the sales ledger, and hence profit. Note that this is placed with the caveat that european contagion may extend this from 1 to 1+ years.

Notwithstanding, this will make a case for long term buy positions as the products are stable and required ( replacement cycles 3-7 years for Hot water services, etc)