| Profit |
Predictable and rising
Beating budget/last years' profits most months
|
Erratic and falling
Missing budget/last years' profits most months
|
| Prospects |
Significant recurring contracted revenue
Pipeline of new contracts
|
Dependant on future orders with little visibility of sources |
| People |
Capable senior managers in most key areas |
Limited capability below major shareholders |
| Problems (legal, tax, commercial etc) |
Unlikely to improve value but addressed and resolved so that uncertainty is removed |
Can be deal breakers if problems are not resolved and are difficult to quantify e.g. dilapidations, taxes |