Can anyone 12 Jul 2008 15:42
tell me why this is such a good buy ? ....... all of the news and comments are positive, and the shares seem to be at a bargain price, and I am trying to do some research to make a better informed decision rather than blindly hit the buy button .....so I have just read the end of year / half year results - and hands up - I'm a total novice at financials - so could be way off beam but a few things confuse / bother me.
The company does not actually make a nett profit and dosent seem to pay a dividend.
The company seems to make a big gross profit on turnover - but has big spending that uses it all up
A huge proportion of the asset value (£19 million) is goodwill - can this disappear in a puff of smoke in bad times?
Would really appreciate a bit of guidance from you experienced guys - cos in the past I couldnt be bothered to Do Any Research ... and just jumped in (and boy did I get burned) and now when I try to do some research my brain fries with too much information that perhaps I dont fully understand.
So back to my original question - in simple terms why is FAN such a good buy - not being negative just want to be a bit less gung ho with my hard earned and find out what you guys know that I dont know.
Thanks all