With Colin Marland buying 500,000 shares it tends to suggest a...

With Colin Marland buying 500,000 shares it tends to suggest a good end of year result. I can't see him buying more shares if the company was struggling. Or would he to prop up the price? I doubt it. The last time Colin Marland bought shares I took it as a good sign and bought 225,000 shares at 14 cents with Marland saying 16 cents (from memory the price he last bought at) was a 'bargain' price. The share price then dropped 35%-some bargain. Nevertheless I'm holding hopeful of a good end of year result and the share price rising perhaps even to the 19 cent figure (reasonably close to break even for me) mentioned in a recent post.

The recent ‘Message to shareholders’ says a gross margin of 23% will be maintained through the second half of the year so the end of year result is more likely to be fair to good rather than a bumper profit (weren’t Grovulent’s hopes of a good end of year result based on a gross margin of 25%?). I suspect that wages will remain steady for a while at least and spiralling wages for the sales team is probably what caused the last disappointing result. If wages remain steady and revenue grows strongly (both of these are hinted at in the Message to shareholders) the result could be good so I’m not ‘cutting out the cancer’ as someone perhaps aptly described getting out of PEO, just yet.