Also, this bit from todays placing RNS suggests a delay in revenues being produced by the new contract:
"However, despite the customer being satisfied with the Company's performance during the trial within the agreed timetable and having committed for a commercial rollout in the contract executed at the end of May, the STBs required for the commercial deployment will only be available in Q4 2014.
As a consequence of this delay and the need to continue investing the new opportunities identified by the Board, the Company forecasted potential working capital pressures."
That is another big chunk of cash raised! ……. they really need to start winning new business now, while the Licence fees was always the pull for me here, they really do need to add new business now, it’s the licence fees on top of product fees that will really see the revenue increase here.
agema - I'm still pretty bullish on equities to be honest (although that can change quickly if there is a big event). I've more come around to the thoughts that the days of finding obvious cheap stocks are gone for now, and a lot more digging has to be done. Perhaps there are some opportunities in the mining sector whilst commodity prices are very cheap, but a lot of the small cap stocks are utter junk run by directors who are heavily overpaid. It's like trawling through a minefield
Jolly - Didn't realise that SAG had dropped back by around 10%. RBN looks a little expensive for the sector in my view, even post-acquisition, but the board is strong so perhaps deserves a premium. Haven't looked at DWHT, so will do when I get time. I have also looked at GBO, but the historic shorting activity from Henderson, Ennismore and Blackrock was sufficient to deter me.
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