Electric Word Share Price (ELE)

Well, not a great set of Prelims' yesterday and further to the announcement of 3 January 2013, Electric Word announces that Quentin Brocklebank has today stepped down from the Board. William Fawbert, who joined in January 2012, has today joined the Board of Electric Word and taken over as finance director. Here's hoping these new guys are an improvement!

Having presided over a halving of the share price (and I am being generous) the Finance Diredot is leaving. 1 not soon enough, 2, why is any of the senior management still there? Didn't a lot of money get spent buying health care business's (ikonami for instance) what have they done with these business's since? answers on the back of a share certificate as they are not worth as much as a postcard.

its christmas eve, put your feet up get a sherry and mince pie and relax lol.

However the Health division endured a more turbulent market in 2012 with significant structural reforms that are expected to continue through 2013. "As in the Education market, this will create opportunity in the medium term as new organisations are formed and further professional development requirements are introduced. Investment will continue in 2013 as the business evolves and develops," the group said. Overall the group said it has made significant progress in developing new services around its evolving online platform and finishes the financial year with no net debt. "We look forward to building on those achievements in 2013."

Electric Word, which provides training services for the education, healthcare and sport sectors, said following its fundraising in August, trading is in line with company expectations. In its update ahead of its results for the year ended November 30th 2012 the group, which provides specialist information and professional development using websites, magazine, books, training, conferences and consultancy services, said the Sport & Gaming division was boosted by the launch of its iGaming Business in the US. It expects iGaming to create further opportunities in 2013. In SportBusiness, higher-value subscriptions and consulting services grew in 2012, offset by weaker advertising and investment in developing new services such as in the sports sponsorship market, the group explained. In Education, growth in the Conferences business continued at the same time as investment in building the new digital schools management support service has been increased.

Do we know when the next trading update is to be issued? Following the injection of cash from the "placing" I was wondering if they have done any trading? Or are they still using stealth and hoping nobody notices their products? What has the cash been used for?