CRX - good times ahead

johnjackson5225

I don't know whether that 15% is now applicable. It was said ay the time of the last half years results and only relates to 2005. However the following is from their update; "Based on order backlog, the Directors expect 2006 to start strongly".
Yes i do expect revenues nearer 2 million next half year but like you i don't have a crystalball.
In the first half of 2004 revenues were .89million and went up to 1.4 million in 2005.They did it before and i feel will do it again.Also costs will be reduced as the expenditure on expansion will now fall out of the figures."Capital
requirements are expected to fall significantly in 2005."(From last years accounts) This could be key as to when profitability is reached.
You don't seem to have taken this into account when calculating profitability.

I shall certainly be topping up during the next few months at these prices.


RED


Oh and by the way,companies often announce good news ahead of time like the Japanese deal.