Might all be down to what happens in Europe. Most of the profitable bits of TCXplc are in continental Europe and are carrying the UK business at the moment. If Europe goes down the tube in a banking crisis then that will seriousy impact the Company. Of course, in the longer term, if the PIGS were to revert back to their own currencies, then we could turn the clock back 20 years and all go to Spain and the Greek Isles for a cheap holidays again. Interesting times.