May I also add, being a rather simple man looking at the numbers I note that in the second quarter HYO made an operating loss which surprised me a little, I agree that they are on the right road to recovery, however, I feel that the road will take another twelve months to travel.
I also note that management appear confident that they can make a full year profit given the comments on page.11 under Going Concern "A budget for 2009 which reflects a profitable trading outcome plus positive results achieved todate."
On a last note it appears that Mr Calavassy and others are still suing the company for incorrect termination payments (Page.15, also see the last full year report for further information).
All in All, onwards and upwards.
HYO Price at posting:
1.8¢ Sentiment: ST Buy Disclosure: Held
