On a different note, I've been keeping an eye on a FTSE-250 company called Hansen Transmissions International NV. They make gearboxes. They have just sold off their industrial gearboxes, but their other plants make wind turbine gearboxes. Share price is 50p. Tangible book value is 0.77 Euros. They've made profits 4 out of the 5 previous years, the exception being last year. The loss last year is smaller than any of the net profits from the other years. This year might be similar to last.
Anyone got an opinion on it?