Where now? Carlisle?

Wes: I do not understand the basis of the loan notes or how they work - any accountants out there that could shed a light would be very useful. They are, I think also refered to as bearer bonds. Regarding your above discussion, the market has devalued CSV's shares in the light of CSV's declared trading position. Whatever the comparisons with other service industry company's there will be fundamental differences: so Amey is as different from CSV, although in the same sector, as companies in different sectors. Then CSV's niche area is health care, a very good sub sector to have a niche in. CSV is not profitable and as a consequence the share price is down, however it is only about 75% down from profitable trading days.

The main issues with CSV appear to be:

1. The share exchange dealing: who? why? what for?
2. The position with major share holders.
3. 2002 full year figures will now be known - look for director holdings and/or announcements/updates. CSV have 100 days to publish results and will be going into closed period soon (how many days is closed period before publishing results?). We have had no news of new contracts. One would expect CSV to be working on new contracts. Any announcement of new contracts could be just the catalyst CSV needs.
4. The step ups in the chart should continue. I have also noticed this pattern in service industry sector shares. Without any specific reason other than having closely followed CSV for over two months I think CSV will move into the 20ps and above in the first third of this year.
5. CSV has not been through the chart pattern of the last two months before. The pattern seems to say recovery.

Do your own research and reach your own conclusions and let us know what you think.
Happy and prosperous new year to all.

PS The move on Carlisle Holdings is noted Farsight.