EVER SEE.

BROKE INTO PROFIT
MARKET CAP ABOUT 10 MILL
A MEGA STOCK IN THE BOOM
DIRECTORS HAVE BEEN LOADING UP FOR MONTHS
ALREADY UP TODAY
THIS SHOULD MAKE YOU A MINT

oh and its on a breakout.

flying north now as realisation of its potential kicks in with a few lucky players,and the longer term chart:::

NB Chairman Bob Morton. Southwind 29.8%. (Jan. Refs) Nostalgic to see the graph- some of mine date from Nov.99.

Harrier Group PLC
03 March 2004

HARRIER GROUP PLC
PRELIMINARY RESULTS ANNOUNCEMENT YEAR ENDED 31ST DECEMBER 2003

CHAIRMAN'S STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2003

I am delighted to report a welcome return to profitability for the Group for the
year ended 31 December 2003.

Turnover for the year amounted to 9.0m (2002: 9.5m). In the second half of
2003 turnover improved to 4.7m from 4.3m in the first half and this
improvement has continued into 2004.

EBITDA for the year improved significantly to 566,027 (2002: Loss 625,688).
The trading profit for the year amounted to 349,287 (2002: Loss 813,985) and
the net profit for the year was 200,381 (2002: Loss 19,005,408). Owing to
increased working capital requirements, cash balances decreased to 1.3m at the
year end (2002: 1.6m).

Owing to the large deficit on the company's profit and loss account, we are
unable to consider the payment of any dividends. To rectify this situation we
propose, subject to shareholders' approval, to apply to the Court for a
reduction of the share premium account of the company.

I would like to warmly thank all the management and staff for their hard work
and loyalty during the year and for the excellent turnaround in the Group's
trading performance.

With the overall improvement in our market sector we have increased our sales
force to take advantage of the upturn and we continue to enjoy a growing
pipeline of potential new business.

During 2003 we have successfully stabilised the group and returned it to
profitability. Our objective now is to further grow our revenues whilst
maintaining a tight control of our cost base. We are aware of a number of
opportunities in our market place and as and when appropriate will seek to
supplement our organic growth with complementary acquisitions.

CHIEF EXECUTIVE OFFICER'S STATEMENT

Important priorities for 2003 were to restore the confidence of our major
clients, and to strengthen existing vendor relationships, both of which have
been successfully accomplished. We have also been able to establish strong new
partnerships with vendors who we expect to play an important part in the future
growth of Harrier.

In the second half of 2003, we have strengthened and expanded our sales force
significantly. The full benefit of this recruitment is expected to occur during
2004 and we are encouraged that the results for the month of January 2004 were
clearly better than those for January 2003.

While we have continued to monitor and manage costs very carefully, modest
investments were made in 2003 on preparing for accreditation under BS 7799
(Information security processes) and ISO 9000 (Quality processes). With
sponsorship from strategic partners, we have also conducted a series of highly
effective promotional events in 2003 which we intend to continue in 2004.

We are rolling out marketing initiatives which target specific management
activities such as Messaging Compliance, E-mail Security, and E-mail Archiving.
Harrier has for some years been providing storage solutions as well as network
security solutions, and in 2004 we expect to grow this side of our business
further to take advantage of an improving market for storage projects.

In 2003, 53% of our revenue came from provision of services, comprising
consultancy, maintenance, training and managed services, and 47% from sales of
hardware and software products.

Although margins in all sectors of the IT marketplace had been further eroded
throughout 2003, by focusing on the delivery of quality services and products we
have been able to produce overall gross margins of 49% for the year.

Current trading and prospects

Harrier is well placed to grow organically within our traditional market sectors
of security and storage solutions.

We are also preparing to enter the UK outsourcing marketplace. This is the
fastest growing sector of the UK IT marketplace, and in the second half of 2004
a number of very large government and commercial outsourcing projects will be
going live. Having developed high level contacts with leading tier one
outsourcers, we believe that Harrier is in a strong position to become a
strategic partner and to win valuable subcontracts from the successful prime
contractors.

The board is aware that there will be a consolidation of the companies in our
market sectors over the next two years, and we intend to play a positive role in
that consolidation. Where we see opportunities to do so, we will build further
critical mass by acquisitions or mergers.

Since June 2002, we have consistently grown our turnover on a half yearly basis
and we look forward to the year ahead as one of continued growth.

I would like to thank the management and staff of the group for their
contribution to the improvements in our results, and on their behalf also to
thank our shareholders for their continued support during 2003.

Harrier FY swings into profit, sees continued growth
AFX


LONDON (AFX) - Harrier Group PLC said it sees continued growth in the year ahead after it turned around results in the year to Dec 31 2003 to a profit of 200,381 stg from a loss of 19 mln stg a year earlier.

Turnover for the year amounted to 9.0 mln stg, down from 9.5 mln in 2002. In the second half of 2003 turnover improved to 4.7 mln stg from 4.3 mln in the first half and this improvement has continued into 2004, the company said.

EBITDA for the year improved significantly to 566,027 stg from a loss of 625,688.

Owing to the large deficit on the company's profit and loss account, the group cannot consider the payment of any dividends. To rectify this situation it said it proposes to apply to the Court for a reduction of the share premium account of the company.

The board also said that, with the overall improvement in its market sector it has increased the sales force to take advantage of the upturn and it continues to enjoy a growing pipeline of potential new business.

'During 2003 we have successfully stabilised the group and returned it to profitability. Our objective now is to further grow our revenues whilst maintaining a tight control of our cost base. We are aware of a number of opportunities in our market place and as and when appropriate will seek to supplement our organic growth with complementary acquisitions,' the board said.

newsdesk@afxnews.com

Wouldn't have made a mint if you bought at 8am and wanted to sell now.(down 10%)!

This could be interesting. Looking at the expected earnings and P/E ratio and some government contracts that the company will be going for. What do you think?

25k buy just gone through at 28.

10k buy @ 27.75

Small movement. AGM in mid April.

28.5 now

davec, would you like to add anything to your Feb post?

LOL

Has this stock been suspended? I have not been following the market for a long time so a little out of touch.

Thanks

:)

ticker, yes its suspended and its now issued a profit warning as well.

It would be good to hear from davec ;-)

I thing Davec must have hanged himself.

Spaceman ... I'm gonna make this my share for 2005 :-)

15p, wow is that the price, gosh glad I stop lossed out years ago and never touched it since!

This has been a cracker for me over the years , bought some at around 600p once and flogged them at about 800p a couple of days later.

Flying today :-)