Sarantel

It is not often a good idea to average down but I must admit that I am very tempted here. On the plus side, they obviously have a good product in a niche market experiencing explosive growth. On the downside though, there is clearly a question mark over the quality of the management and they are a little naive in what they put in their statements. But if the production line is now running smoothly and orders are continuing to come through in increasing numbers, as they say they are, AND the present setback really is just a delay in the order and does not turn out to be a cancellation then this share price could turn out to be a bargain. It does largely depend on whether the management is up to the challenge and it is a difficult situation to judge.

It is interesting to see that Paulypilot has taken a sizable position. If you are there Paul, I know you generally like to talk to the directors before you invest. Have you talked to the guys here? You were presumably satisfied to have put your money in.

Xylos