update, page-10

Hey Guys,

I reckon the short sellers are having a bit of a picnic at the moment but not for long.

The downgrade was nothing to get miserable about - on the contrary it shows responsible management.

For example they weren't prepared to hire staff at any cost and saddle the company with long term salary liabilities so they let a few contracts go/slip. That's fine by me.

Another example is the write-down on Project Mngt. That was a good move, rather get in and do it than wait for the Auditors to spring it on you at the last moment !

This turn-around is going just fine and I am busy buying from the shorts/nervous nellies.