REFlective Research Thread

well spotted T.........here's the IC bit you were after on iii....

Reflec (Ref)
AFTER NEARLY A DECADE OF LOSSES totalling almost £12 million,Reflec's prospects may be looking up.Last years losses included £397,000 (from nil) of exceptional expenses,followed by an interim profit of £13,000 in place of a £641,000 debit.As in 2004-5, the Evolution business,which grinds materials down to a powder,was the key profit centre,but there was also a positive contribution from Reflec Media, which makes retro-reflective studio backcloths.Production (reflective inks aside) has moved to China and a new US client doubled sales in the half year.

IC VIEW Reflec expects improved trading this half year.Good Value.



on the basis of the above I would expect there to be some buying tomorrow.............cheers.............here's to a positive start to the year for ref....