BALTIMORE set for strong recovery

blmfool, I've looked at your calcs and I see your point , however I have a few reservations. I looked at the earnings and they are as follows:-

31-12-00 -75p
31-12-01 -164,8p
Forecast 12/02 -47.8p
Forecast 12/03 -9.76p

Assuming those forecasts are met, then there will indeed be a decrease in losses of 38.04p, and it will be good progress. The thing is it's still a loss.
However I hope you're right. There's a good chance that the markets will rise from here and that will do the trick. Some more good orders and the Dec. 03 forecast could be revised upwards - even the p/e ratio could be revised upwards.