just got this off sharecrazy board>

http://www.stockchallenge.co.uk/typo/stockchallenge/ftse.php


seems its definately set to move into the smallcap sector and indeed the trackers will be buying.Its up today as a few have already calculated this.

same pattern as yesterday up in the morning and down mid-day .

looks like this has a long way to go yet.may be up tp 60p levels.

I am thinking about 60p should there be a bid even thats cheap.

drifting lower in the afternoon,may be buying oppertunity.

Subject: General news
Date: Fri 24th Oct 2008 5:30:04
Country: UK
Industry: Personal goods
Company: Theo Fennell PLC


PRESS DIGEST - British business - Oct 24



RAYMARINE PLUNGES 70 PER CENT
Raymarine's shares tumbled by more than 70 per cent on Thursday, following its warning that annual results will be significantly below the lower end of market expectations. The maker of marine navigation equipment revealed that it had seen a sharp decline in its markets in recent weeks. The company said both order intake and sales in the past month were substantially below expectations. Its shares fell 45.5 pence to reach 17.75 pence.


The chart is awful, sp below 50 and 200 day EMA. Overall trend down,



Expected turnover down 20% for 2009

Exp. Profit down 65% for 2009


I am with Dyl on this one. If it is short term money I would wait until it is above 50p

so what is the reason for the recent rise.

I really don't see any substance in RAY. Profit is expected to be substantially poor in comparison to last year and the company just keep silent on the recent rise. No news at all. For all those who are in profits, congrats from me, but I don't see it rising much more.

Sucker's bounce probably!

Still have faith i think its too cheap,and will bounce like most stocks from their lows have.

Bounce is on.. again.

Buys outnumber sells by 10 to 1.

Plenty of buys Friday if there is a bid I would reckon 30/40p should do...still a high risk play but patience is the key..good luck.

Bid rumours in the Times

Raymarine passes dividend as markets sink - MoneyAM


Marine electronic products supplier Raymarine passed its final dividend as four consecutive years of record results came to an end.

Adjusted profit before tax was down 37% of 2007 at 17.3 million, with revenue falling to 134.9m from 140.7m.

The group said, 'Raymarine entered 2008 having reported four consecutive years of record results since its flotation, but all of its main markets were badly affected during the year by the global economic problems.'

It does not expect its markets to recover in 2009 but 'is keen to resume payment of a dividend as soon as it is considered prudent and will review this again in 2010'.

Chairman Peter Ward said, 'Whilst the outlook for 2009 remains very tough, our strategy for Raymarine is to strengthen our position in the leisure marine market. We will direct our sales resource to work with our worldwide distribution to gain market share.

'The highly successful launches of G Series and A Series demonstrate how growth in market share can be achieved by leveraging our brand with new product ranges for both the small boat and large boat segments.'

Good results and the market punishes them.

Good results and the market punishes them.

Could be a great oppertunity to buy some cheap

Could be in play.

Would not surprise me if there is a bid of 40/50p in 12 months.