Ann: Tempo Acquires National Maintenance Contractor KP Electric, page-15

Arabella,

yep you are right -

My intel tells me that - KP at their height did $31M pa (and that has dropped off since) with profit around the $2.8-$3.0M mark.

We all need to remember - that many of the posts from the punters have been spot on and announced to the market before the company has!!!

1. Huge fall in revenues ($50M+ down to $6M)
2. the actual KP acquisition
3. the loss of management and key personnel...

The new directors are well credentialed - don't think the shares will go any lower (cash backing is around 12c) its just that it is going to take time to get substantial revenues and profit under this new strategy. So as an investor I am selling the last few that I have, and will happily come back in at say 24 cents.... no point waiting 12 months to go from 17cents to 24 cents, invest elsewhere and will happily come back in once the strategy is proven even at a higher price.

some of the other posters which gave us all the intel which turned out true have gone quiet- perhaps they are sleeping with the fishes....

anyway, by tomorrow I should be out.. so good luck to everyone.

lets see if the analysts pick up the underlying loss of $2.0M+ for the half!!!!!