chart, page-9

Yeh, Footsie, only which way will it break? Hopefully fundementals will determine this. But, as we both know, this often isn't the case.

My point, though, is that there's little to support the upside concept, given that when contract flow was strong, BVA's customers weren't writing down losses en masse, and labour costs weren't as extreme (so around a year ago), the price was already on its downtrend. Of course I might be wrong, and management might have some magic under their kilts. But I'd bet the other way.