t, totally agree. and to be honest i dont think it's in refs interest to do a deal for anything more than that; assuming ref show a full year profit at summer in the results. i think that they just need a decent manufacturer in china that will produce their clothing to a good standard and at a reasonable price and then get it shipped over here.
if all is to be believed then we have turned the corner and moved into profitability. good for the long-term, naturally, however i think that there are hundreds of people just waiting to get out of ref once the s/p sniffs above 1p