Ann: Half Yearly Report and Accounts, page-7

The burning question.

How long will it take to get into profit at a 15.7 % GP margin?

We need sales of about $13.5m per half to Breakeven.

If sales only increase at the rate of 11% per half it will take about two years to get there.. Which of course is way to long to wait. There are much better opportunities than that out there.

We will know in the next six months if sales are going to take off.

Profits need to build by 25% per half year for us to be in profit next year

If they grow at 30% we would be back to 2016 sales levels of $33m in 2019 with a profit of circa $1m

We would fly past the 2014's very profitable $48m of sales in 2020 with $60m of sales and a profit of $4 or $5 m. If it keeps going from there we could be really in the money. There is massive capacity in the factory.

If it doesn't happen soon it more than likely won't.

Having been in and out once before chasing better returns,Im inclined this time to see what momentum builds in the next 6 months .