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Originally Posted by Chrysalis
forgot to mention this
Strong cash balance of £40.3 million (H1 2004 £40.1 million).
- On track to turn cash flow positive during the second quarter of 2005
and to turn EBIT positive by the end of the year.
their long term plan is good and they have money in the bank.
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Those are only facts that were in their Balance sheet and do not reflect the new pricing they have just announced. Very hard to change an operating loss of that extent into an operating profit in that timescale with price reductions of that magnitude.