Court case this summer Well so far they don't appear to have lost their Middle Eastern contract so that should be another £2m in the bank and their court case against the former auditor is due to be heard this summer.I still think this is an attractive risk reward situation, much better than similar such as PVCS so I am holding on until after the outcome of the court case is known.
Quiet Message Board I wonder if i'm going to have this all to myself. Anyway I bought a few of these as I feel they are an attractive risk reward situation. I reckon there is 25% downside if they lose their litigation and lose their Middle Eastern contract against >75% upside if they win their litigation and keep hold of their Middle East contract.On that basis I have had a punt.