This is an alternative thread to the one on ADVFN as that has been proving unreliable of late.

Results out in 3 days (March 20th)

Was in/out of this stock around 60p level initally looking for long term play, but got out and now looking at it again around these levels.

Since when has this one had a strong balance sheet! How can a company make losses year, after year and still keep going.......

I've been waiting for it to go bust, but it just keeps hanging on. The only reason it's kept going is because the directors keep buying issued but not paid up shares to (guess what) keep the balance sheet looking good by increasing cash flow without borrowing from banks.........

If they don't start making a profit soon, someone will have to take the plunge and pull the plug.

Net asset value of the company stands around 22p a share - current price 14.5p - must be under threat of a hostile takeover IMO - ie Tompkins.