tui news.........and its all good, page-3

This gets better and better.
Reserves go up to 47 mill and thats before we have the review.When the review comes there must be at least another 5 to 10 mill to put on top of what we already have.
Last quarters profit was 25 mill after tax by my reckoning admittedly witha drawdown on stocks.This quarter will be even higher despite the drawdown because of the oil price.
Net current asset position after allowing for loans and a 21 mill provision for royalties etc will be over 65 mill.(end of last quarter was 40 mill)
Cash held could be 90 to 95 mill depending on what loan repayments are.
NB for quick profit before tax estimate look at the provision for roayalties.Last quareter was 10 mill.Royalties are 20% so before tax profit must have been 50 mill