Me too, Tomos. Sold DYS in June & bought Sibir Energy instead (up 45% since).
Whilst this quality thread is fequented by up-market ADVFNers (compared to BPRG & many others) I felt the arch-sin was being commited here -
peeps had FALLEN IN LOVE WITH THE SHARE!
A P/E of 30+ had been the norm for too long & was sustainable only on a "jam tomorrow" basis. The placing last summer told me the company was insufficiently cash-generative & so I sold.
Millenium seems to be the biggest problem, & we had been hearing about this for soooo long that, were it to become the standard-setter in that industry, it would take even longer to achieve it IMHO.
So it seems Ecoflex & Saffil carry the company. If demand is so high, then why can't profits be restored by price increases & a return to previous margins???
Energy prices will have the same effect on the competition.
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