News: DTI DTI Group receives LOI for up to 576 new trains to be built in South Africa, page-5

Agree Spec, with $8m net in the bank last update, its looking attractive, but mgmt have to make up for that very average half yearly and overpriced and I.m.o a very cheeky rights issue given that mgmt would have known the numbers were sad. They have promised a better 2nd half given the timing of some contracts and also product development that was in the 1st half, so here's hoping.

Another average half yearly will not be pretty, but if they can nail it and then firm up the latest Alstom mou to a contract, it could go well. My only concern with that contract is the conditions, including an office for ? 10 years perhaps. Maybe more work to come would make that more viable.