Feedback, which makes hardware, software and internet-based products for use in educational and industrial training, reports that its first-half loss will be less than last year's £516,000. This is despite delays in the receipt of some orders at subsidiary Feedback Instruments. In July the lowly-rated company reported total losses of £593,000, achieved on £8.9m of turnover. But it has consistently reported that interest in its various products is high. The shares are a potentially rewarding bet on recovery or takeover hopes, especially given that year-end net assets (excluding £0.7m of intangibles) totalled £3.9m.