- "confident of a satisfactory outcome for the full year" - £14m order book despite the move to SaaS - cash pile at £6.1m - both trade receivables and accrued income reduced from 30th September, so going the right way - the Board is "pleased with the continued steady progress"
So against an £8.5m m/cap we have:
- forecast £3m PBT for the year about to end in March'12 - £6.1m cash in bank - £14m order book - £4.4m invoiced trade receivables - £12.9m accrued income
The current valuation is ludicrously low on the basis iof these figures.
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