ross travelling, page-15

re: cabe . blokes and the 57 percent margin

hi guys, sorry i didnt realise you were talking margins ....

yes the margins on PBI's home grown simulators is very comfortable; and they also do well on the on-licence stuff ... not quite as high as 57% there.

check back in the annual report they discussed margins on all facets ... I would like to see immediate results this october, but i think its only fair to say that the really moneyspinners are probably 12 months away from coming to fruition. so it will only get better as time goes on.

anyway, there's news coming, media coverage will be one element, but i think the really important aspect will be if they can get some deep pockets in australia to start buying. They have shown the ability to get UK punters interested .... will the aussies come to the party or let this little growth company disappear into UK hands?