REFlective Research Thread

No bets T.

I quite like the look of TMC Bada but same old story - no spare folding!

MSR should begin to rally soon in my opinion (as I have posted with a strong 2006 ahead once you strip out cash and refundable tax losses of £7.4M the share is worthless! Add to that figure a fair valuation of £8-10M on 2006 PE it is sure to double failing any disatsers).

As for REF it will happen when it happens - unless we collectively write to the Board with some specifics we want updating on. I am hopeful of a good update late Jan/Feb.

Max