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johnjackson5225 - Tue, 20 Dec 05 :

Hi darkinbad

Thanks for the clip from the interims. I had read them to mean that they manageed one (single) month of cash-positive trading. The outflow for the half is still about £0.5m. In fact Code, their borker says "already reported one month of positive cashflow in the first half and expects this repeated more frequently in the second" - hardly a cash fountain, but I accept they could squeak through if they hit sales targets. Question is, through to what? Where are they going? Commodity services are always poorly rated by the market even where share is growing.

I'd be interested in your thoughs, though I stress again, this is a bit of an academic exercise for me as I haven't actually taken the step of starting to buy shares yet.

JJ

JJ


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