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FSE - Fri, 02 Jan 04 :

I did repeatedly make the observation on this thread that Fibernet may keep spending on sales staff and marketing to expand their client base at the expense of turning into profit.
IMHO Fibernet would now be in profit on existing business if you stripped out the costs in acquiring new business ... the fruits of which will not be seen for a period of time on the bottom line.
I would expect nevertheless that the turnover figures will continue to rise.
Its all a bit frustrating as we would like to see them in profit.
FIB management must feel that they need to aggressively chase new business and this is what they are doing.
The business itself though is growing and its value is rising.
As this becomes clearer the share price should rise strongly.


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