Some good news this morning from them, it looks like 2004 will be a excellent year for them and the shares increased by 13%
Is this the start of another upward trend for them??

Been insignificant volume to push the fall from over 260 - so I can see it moving back to that level as first stop.

Looking at the last available trades history 18k sells to 9k buys - so it wont take much to push this one back up. Especially since we seem to have broken free of that sharp downtrend channel of the last 6 weeks.

Also AGM is due in about 4 weeks time going by their website - and wonder that because it is late this year whether we will see a Trading Update prior to that.

Last years Trading update was 21st July - so maybe they will coincide it with their AGM statement - but reckon that it is likely they will release one early - so it could be due within the matter of a few weeks.

At current price of 240p puts these trading on a prospective PER based on Charles Stanley figures put these on FY06E of 10x and FY07E of 7.9x

Time to buy back in?