My faith in the management is eroding away the longer they stay in this iSoft thing.
Their attempt at supporting the shareprice with that massive profit upgrade announcement has triggered a requirement under the UK takeover rules for them to justify the basis of the upgrade. This has meant that they have had to fork out more $$$ having specialist expert reorts prepared:
What a waste of money! I would not be surprised if the cost of these reports wipes out that extra profit.
Time for IBA management to end the uncertainty. Ideally abandon the iSoft plans and announce how the cash will be returned, and get on with the job of running IBA well.
IBA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
