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BritishBear - Sat, 01 Jan 05 :

Hutch - my valuation is based on increased competition, lower margins moving forward, continued losses, directors pay, repriced options and insufficient growth in their high margin areas (which will also face competitive pressures in the near future).

This is not a growth company and deserves a low rating to match. Still priced too high as cash pile will dwindle as losses continue.

If you want growth why not look at DATA or NLR - both growing in growing markets and both small cap techs.


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