Chelford Group - Wins New Contracts

It will not remain that bad.
This news was built in at H1 when the price was 181p, little different from the price yesterday.
The intangible is what is made of two contrary parts of the statement.
a. 'the Group traded more profitably than in the first half year and continued to generate cash' and
b. 'some contract decisions,including significant software licences, will not now be made until 2007' (they were originally "delays in potential contracts moving into the second half of 2006, thereby reducing licence revenue")