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siwel100 - Wed, 21 Dec 05 :

Not wanting to be nasty but if Chef's thinking they had £2 million cash at Interims when in fact they were £3 million worse off with a £1.1 million overdraft is an example of investor research, then possibly a cool headed reassesment is required.
There were actually 2 sensible posts in the last 24 hours. One was Chef's saying that a volume flush out is needed. As the 3 year (or 2 year if you prefer) long term price slide is unbroken, a mega dip is needed to make it attractive for new bulls. Using Chef's example of SEG, that fell from £3 to 30p before the initial rapid recovery to £1.20, perhaps the same situation may arise if the final results are not breakeven as hoped.
The other sensible post was Dev's commenting that a string of RNS's will likely flag a fundraising. Looking at their cash situation, they might or might not struggle along but certainly will not have the resources to do much with the company. A decent fund raising is needed, but to attempt one from the current level would likely prove a major problem.
Just kicking my heels at the moment, but likely to be some trades one way or the other over the next 6 months.



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