Got out of this one as its problems started to become evident last year, but is it now time to get back in and recover some of the losses I made?
Finals are due in March and we are now in the closed period. The poor results are expected and built into the price. The profits warning also said that despite the legal battle with a non paying customer (Hence the warning) its back office metals and oil trading software would be rolled out in Q1 of 2006 and that this year would see the lead pipeline converted into sales.
This is definitely not for widows and orphans, but I feel the stock was probably oversold anyway following the profits warning and the market has lost sight of what a profitable little company this was prior to floatation and the legal battle. If the orders really are coming and the legal challange is as unfounded as the management seem to think in their RNS releases, this share could have a belting 12 months ahead.
But as I said, not for widows and orphans, and be prepared to take a gamble.
What do other posters think?
Alan

Well it dropped from my re-entry point, but in a single day it's back up to it again.
Looking at the trades, and its 25% rise today, someone knows something!!
Alan

Could be they have settled the dispute with customer, or about to sign a deal for Trinity v600 with a major client. Hope so!
Anyway, should see results next month with some forward looking statements. Good news should see SP move up as cash does not appear to be a problem, but they need to grow the revenue line imo, and that means signing licences for Trinity with major customers.

Hope you're right, canary. Thought I'd made a bad choice getting in recently but over 30% today bodes well to recover some of my earlier losses.
I still believe in this company and think we will see significant revenue.
The question, as always, is when.
Alan

Alan,still on the move and all blue this morning. Got to be some good news on the way imo! Plenty of potential as this was over 1 a year or so ago.

We're off. Later than I thought, but we seem to be off.
+20% this morning. I just can't find a reason or rumour why!!
Alan

I hope so. They appear to have been marked up from the start. May be more Trinity sales nearing closure, as promised!!!!

Orders starting to come in................share price on the rise!

Brady Plc ("the Company"), the supplier of software solutions for global
commodity trading, is pleased to announce that it has signed a contract to
supply its flagship product, Trinity version 600, to a major European
commodities trading organization. The initial implementation is expected to
complete in 2006. There is a possible second phase continuing into 2007.

The award of the contract follows an extended sales and evaluation process for
the Trinity product, which provides fully integrated support for trading, risk
management, back office and physical logistics. Evaluation and scoping
continues on this product for further potential customers.

The Company has also received a letter of intent which is expected to lead to a
smaller agreement for the supply of the Opval product for freight trading.

As licence fees are typically recognized towards the end of implementation
projects or phases, income for 2006 is expected to be weighted to the second
half.

Well I'm happy. Lets hope its the start of a roll of contracts.
Alan

Another new contract win today. Looking much better now.
Alan

Good contract news today, with an extra bit saying they have plenty of cash, no debt and are looking to recruit for increased demand.
Nice.

Well in answer to the question at the begining of the thread, yes we had hit the bottom and I am glad I got in then. Up 40% since, and more to come, I'd wager.
Still a risky one, but I've recovered my losses, now!!
Alan

Another major contract win for Trinity announced today.
Alan

Time for another move up!!!!

Now looking at a profit!..................about time!

Up about 65% since the thread started, canary. Not a bad return.
I think it will probably be a little quiet for a while, now though re reading the July RNS I would not be overly suprised to see another Trinity contract before the March finals, which should be reasonable, with a very healthy forward looking statement.
I'm staying in as i think there is a fair bit more yet.
Alan

The high of 2 years ago was 110p so there is plenty to go for, and with net cash there is a low likelihood of dilutions.

Good Morning.
super trading update this am.
Turnover at least 10% above expectations, profits above expectations, 3 new contracts.
Alan

Yes, nearly added this morning , but decided to be content with what I have!

25% rise means i am now breaking even :-)))
What I lost on the way down I have gained on the way up and I think there is plenty to come.
Alan

Alan, my average price is 34p, which puts me nicely into profit, but like you I guess, my first purchase was at somewhat higher price.
Sometimes averaging down does work out!
Rod