Hi Joan,
Sorry not to respond sooner, been a bit hectic.
I just can't fathom these out, I was very bullish and thought that the only way was up with 7p+ earnings due for 2007, possibly a little less with dilution from the issue of new shares. Nearly 10p was forecast for 2008. I thought that 60-70p share price was very possible.
Since then a promising situation has been tarnished by bad management. I think that although the keel issue knocked the price back, behind the scenes various other issues have been eroding the price. Accounting issues that the last FD sorted out? exceptionals etc etc.
The only positive has been the buying by Mr Newton. Problem is we don't know if he has great insight or if he is a senile old codger that buys the shares because he likes boats and has been given free event tickets!
TAN, now they are a quality outfit, great products, management, communications etc etc If only I could always pick the TANs of the world.
Cheers
Dibbs
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