You've gotta believe everything you read on teh free bb imv. Long but please stick with it.
nurdin - 5 Aug'05 - 07:39 - 2155 of 4501
The best way to deal with derampers is to do your own research ..talk to the Company..talk to the Brokers as I did yesterday.The FD is away on holiday so couldnt get a low down from the horses mouth, however,managed to speak to someone who should know how sales are going.Here is what I gleaned:
-Panda sales are going strongly.Currently looking to acquire further licenses(in two territories) and the outcome will be known soon,
-Abilty sales are picking up strongly as well after a slow start."Its matter of developing market awareness of the product..and this has been helped by positive press reviews.."
-Daniel Stewart have kept their buy stance after talking to the company 2 weeks ago." Our estimates are conservative...and we believe the shares are cheap..no advice intended of course"
-"Like any share theres always a risk that the company could miss but from where we are standing so far so good..."
Make what you will of that but I am looking to add...
Then at 10.57 BST
Trading Statement
RNS Number:7825P
Formjet PLC
05 August 2005
For immediate release: 5 August 2005
Formjet plc
("Formjet" or "the Company" or "the Group")
Trading Statement
Turnover for the first six months of current financial year, whilst up 25% on
the previous year, is below expectations and it is expected that the result for
the first half will be a pre tax loss. This is largely due to sales forecasts
not being met in the second quarter and a product launch and exhibition costs
incurred late into the period.