up at 20.05pence afterbell

All buys today, even the trades that aren't definitively buys are, if you check the times of the trades and the bid / offer at the times of trade. Bought in today, fall way overdone, I feel SPB has been hit by the general advertising sector malaise (2001 was the worst year for the advertising industry in a long time).

very limited downside here, plenty of cash in the bank, maybe restructured a bit too late, but the cost savings will soon hit the bottom line. Speculative, but SPB could soon pick up. Don't see them back at former levels but put it this way - once they are back in profit making territory, which may be next set of results or in a year, they will be trading at a forecast P/E of about 6, which is considerably cheaper than the sector average of 25.38.

A bit of risk, but the upside is quite possibly huge from here.

All IMHO btw

DR