Independent IIR Research Plc (Formerly TMA)

Yes, I hold both so a good year ahead I think.

Surprised to see sellers with the upside in these now, will tuck some more away if the SP is slowly ticked back today, then hold on through 2007.

Whilst the trading update talsk of a number of positive drivers, the increase in next years forecast is only based on the additional orders from the current research coverage [almost 300] and the pronet FX wins.

It dosen't consider the additional products being worked on and move into UK, Chinese & Japanese research markets. No doubt we will hear more as the year progresses.

I also believe that further growth in current reserach coverage will be driven by the new Jaywalk360 indie evaluation service, as IIR rankings have consistently been in the top tier more business will be pushed there way.

Regards