People got in to early on this one, but now is the time to buy and at a cheap price too 1.75p, read the RNS

* Eurocopter flight trials successfully completed
* Additional German & US military purchases
* Additional working capital secured

SCOTTY Group plc, announces today that Eurocopter Deutschland ("Eurocopter"),
part of the European Aeronautic Defence and Space Company ("EADS"), has
confirmed that the official flight trials of its military helicopters which
contain SCOTTY's CH 53 SATCOM Mission equipment have passed successfully.

During the trials, the equipment was demonstrated to officials from the German
Army. SCOTTY has received positive feedback from the Ministry officials that
attended and can confirm that the project now enters a new phase in which every
effort is being made to speed up the procurement process necessary to finalise
the project and implement delivery.

In order to fund the additional working capital and costs incurred during the 6
week delay to the flight trials for the CH 53 programme, SCOTTY has secured a
convertible loan of #400,000 through a new facility provided by Headstart, with
the possibility for another #400,000 above that. SCOTTY's directors believe that
this facility could be repaid within the 60-day term of the loan if the delivery
programme with Eurocopter proceeds as they anticipate.

In addition to the Eurocopter project, SCOTTY expects to receive over #2 million
before the calendar year-end from the implementation and delivery of a number of
orders previously announced.

These also include the delivery of Euro720,000 worth of equipment including SCOTTY
Mobile Systems, SATCOM equipment and Telemedicine units to the German army in
this quarter. In addition, SCOTTY confirms that the US Army has deployed three
disaster co-ordination teams equipped with SCOTTY's video teleconferencing
equipment to the Gulf Coast states, which were affected by Hurricane Katrina.

Chief of Staff for the First U.S. Army, Col. James Hickey said: "Satellite
communications are often critical in a hurricane's aftermath. One of the things
we learned last year with the series of hurricanes that passed through Florida
was the need for satellite communications,"

"This storm will likely take out some key communications nodes, and cell phones
and landlines may not work for some time," he added.

all of which (above) was met by deafening yawns!

A long grind ahead, Cynic? I ditched this one a few months ago as I have given up expecting fireworks. Good luck to anyone who thinks differently - as always I am open to being proved wrong.

i currently hold some of these at break-even ...... company looks to have potential, so may hold on for a while to see if sp comes to life

cynic
To me this is a long termer and accumulate along the way future orders will push the sp in the right direction long term.

"Soul traders" looks like you feelings are justified - this business just does't have that loving feeling anymore. At these prices I might buy - but they can go lower - So will they need equity funding for these orders?
I would have though the business is at-last showing some gumption....at least that's one change over the last six years or more.

Thanks for the feedback, Hangon. Right now I'm reluctant to voice too negative an opinion in case the turnaround starts manifesting. Those larger orders look good for narrowing the full year loss a little.

SCO raised 2.4 mil in Placings in April; I'm not convinced this will be the last time they have to issue equity to raise funds, though. The directors, however, sounded very positive in the Interim results about the company being in a far stronger financial position and have terminated the agreement the company had with Headstart.

Buy on weakness if you're going to buy at all, is my guess. To me, it still looks risky, but at these levels you should at least be able to get your money back. It's understandable that some may be feeling disenchanted. Probably those who are in are wanting to get out and those who are out are thinking about getting in, both based on assessments of what is good value, although obviously if you've lost money it hurts!

Still, WDIK. All IMO, PDYOR, etc.

http://www.rslsteeper.co.uk/NetsiteCMS.php?pageid=8&newsarticleid=13

Is scotty one to have on the watchlist again?

Funny, i have not long unloaded quite a few as i was overweight on this one, only to find them start climbing, still in and still watching...!

Big ted,i have bought @ 1.20/1.25/and 1.90 so breakeven now,wont add but will hold!!

BT,something going on here,12MILL buy just gone through,RNS soon me thinks?

was a cross trade broker to broker... not sure if that means a broker needed them for a client however... i gather Man financial group must have added the other day, although couldn't find a previous holding rns anywhere going back for a couple of years...

sorry not broker to broker but certainly a cross at same price, i agree though an RNS looks imminent, why oh why did i sell so many last week...?!

WHY the hell did you?,no reason to sell,last couple months have been steady and its been on an upward trend from 1p,really sorry to hear that you sold,but hey you may have the last laugh!, i will buy more if it falls to 1/1.25,would not buy at this price

I retained a few, but didn't like the look of the markets, so offloaded many stocks, that weren't performing, daft though as i new the support at 1.1p was strong, and was only a matter of time before another contract was announced, have been in and out of these since motion media days @1.80...! I added lots @1.2p to ave down to 1.4p prob similar to you, now that ave has crept up to 1.5p, slightly gutted is un understatement... lol

BT,if there is no rns,price will fall back as it has historically over last 6 months,look how it trades in between the range of 1.10/1.60,when the spread is to our favour,its a good time to topp up,keep your eye on it and but @ under 1.30

dont like the spread the mm's are playing with, current dropped back on couple sells 1.3-1.6 isn't sport at all...

Well look forward to buying again at 1.10/25,then sell at 1.50

Bt,guessed it would come down,watch it and trade in its range

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