Toad brokers slash forecasts shareholders get stuffed

Toad and the brokers lose credibility.



Toad brokers Seymour Pierce have slashed Toad forecasts and shareholders have been stuffed..


Previously the brokers were looking for over 2.05 million for year ended 2004 and an further increase for 2005.

The 2004 profits have been slashed massively to £1.3 million.


With stagnant earnings for a considerable time to come, debt increased lately investing in Toad is now very high risk.

There could now be considerable selling due to Tax losses of Toad shareholders before year end.

Latest news...

Toad management back track and go back to Aim.

Toad and the shareholders get the runs after the share price collapse...



More bad news....they see no increase in profitability for Toads mature operations for 2005.