Shanklin is right - the bulk of those £8 tax losses should be able be set against any future profit so that no tax is paid for some time, probably on the first £8m profits.
In fact I think it's right that if you can reasonably show that you'll make a certain level of profits next year you can claim a tax credit this year - once you are in profit.
So it may well be that once CFE are making a profit the eps is boosted by tax credits which would also increase cashflow and reduce debt.
Lehman Abs Motorola stock quotes
Lehman Abs Motorola stock charts
Follow this thread
