Recovery play only2 Dec 2009 10:33
I'm interested in this company, but any investment now is a pure punt on recovery in the medium to long term. The rights issue is diluting the value of the older shares considerably, and any upturn in the company's fortunes will only become visible after a year or more. If the world starts advertising again, in due course the firm's products will generate revenue - and the shares at their current level could go well. But I don't think the shares are going to be in much of a trading range any time soon - flat, and waiting-to-see is what we're looking at from now until the picture's clearer some time in the fairly distant future. Day traders stay away........