It looks likely we will get a spike, it also looks likely some short term traders will get out on the 10-20% profit they make. But those that understand the business realise what an opportunity this is.
How many of you guys read the header?
"Last week the company put out a trading statement saying that in the final quarter they will be ‘at least’ EBITDA positive and they will make a profit in the coming year. This is massive momentum to go from losing £1.6m in H1 to EBITDA positive in the final quarter"
Thats from 2004, despite having a H1 loss in the first half they ended up EBITDA positive, whose to say the same cant happen again?
Given the business is stronger this time round with the Online division contributing a great deal more, we could see a profit, or at the very least a small loss with an excellent future to look forward to.
I wonder how the 1mil cash from Touch Vision will be shown on the balance sheet, will it be shown as profit?
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