The Official Harrier Zeuros Thread!

Harrier have spent this year gaining and developing new business (mainly network security ) with the likes of Sainsburys, ICI , Virgin etc.

When it comes to network security Harrier and other such companies find that once a foothold is gained into new companies further business flows for infrastructure upgrades/security upgrades/storage upgrades.

Harrier are a rock solid company with net cash in the bank and are not burning through millions of pounds like many tech companies ( whose share prices have started to go up again !).
Breakeven is forecast this year and based on worst case senario IT spending in 2002 Peel Hunt a profit YES profit of about £1.4 million giving eps of about 5p.

So at a share price of 50p we get a PE of 10.

The market may not like unprofitable companies TODAY that can change very quickly when future prospects are looked at which has happened before.

Harrier are well placed with solid customers like BT Cellnet, Vodafone , Prudential , Lloyds TSB etc. The market they are in is set for huge growth and a good reputation in the industry( which HRR have according to what I have read in many monthly security magazines ) sets HRR up for a very good future.

I personally haven't bought HRR for a short term punt ( and never have done)as I believe HRR have a very exciting long term future.