This is old news. Numbers were already public in latest T&G forecast, hence no comments here on it. A loss was expected for first half. Directors have said that they should turn the first half loss around to make the £500k profit that was forecast for the year to end April 2006. That is a very substantial profit expected in the next 4 months.
The waters have been muddied a bit now by the change of year end. However, if we are on target for a large profit, it will soon become apparent by the announcement of new orders.
Of course most shareholders are either sceptical or concerned whether this business will land or not. The directors say it will(..."in contract negotiation..with known names"...), Of course the new buyers of 7m shares will have been convinced of the opportunity. The directors took some of the shares - it will be interesting to hear who bought the rest.
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