Radstone Oversold @ 247.5p?

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Outsider - Fri, 23 Dec 05 :

More importantly on the PROFIT & LOSS side of things from last year:

Overview

Analysis of this year's result is complicated by the weakening of the US dollar,
which moved from an average exchange rate of 1.71 in the prior year to 1.85. As
approximately 79% of the Embedded Computing division's sales in the year were in
US dollars, the weakness in the dollar has had considerable impact on the year's
results. The effect on profit before tax for the year is estimated to be £1.9m.



well with the $ @ 1.73 now from $1.85 last year a reverse could well happen benefitting Radstone's profit by circa £2m or a circa £4m turnaround


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