The signs were there even before the consolidation that this was beginning to trade in bubble territory. The market had been pricing in growth through acquisitions, impressive company building growth at that and it seems prices have jumped ahead of true value. Hence today's reaction to news that from here the company will look to streamline operations and reduce overheads to improve margins and turn a profit. Their projected revenue earlier in the year is reduced after slower trading recently but still forecast to rise on 2014 results and cash at bank (31/12/14) of £4.2m (2013: £1.8m) will aid cashflow purposes now that there are no further acquisitions looming. The excitement is fizzling out though so it's a wait and see until results suggest otherwise
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