decent enough. This is a LTH for me and I always did think it needed 3 - 5 years to consolidate/grow the business. No quick k profit here but a possibility of becoming a worthwhile investment given time. Gla
I have never held but saw Charlie Muirhead present . Thought he was switched on and the biggest asset the company had . Was I mistaken ? Why did Muirhead and the company go their separate ways ?
Not a bad RNS at all, at all...
Key Points... * Targeting annualised cost savings of approximately £3m by closing its technology centre in Bangalore & streamlining the European operations, etc. * Net revenue for the full year to exceed £8.5m. * & net revenue for 2015 to grow by between 80% to 100% (so £15m - £17m). * "These benefits will likely be realised towards the end of 2015 or early 2016." * Cash balance at the end of 2014 was £8.5 million & expects cash flow break even by early 2016.... ...largely because it currently expects to pay out between £22m & £24m following the acquisition of base79... ..."The payment will be satisfied by a combination of new equity, unsecured loan notes or cash." I'm not unhappy about that... ...could be a rights issue at some point to raise the cash for base79.... GLA & Best Regards, Blue
''anticipate net revenues for 2015 to grow 80 - 100 per cent from 2014.'' One for the long term then with all the other bits factored in.
18 Feb '15
RE: Blue Dealer
Thanks for that alexia, Sadly, I'm not a subscriber to the "Red Rupert Times" & so I can't see it.... But if that is the jist' then fine...each to their own. LoL ...I only have a small holding at the mo' but 'will be looking to add at some auspicious moment ;-) Best Regards, Blue
18 Feb '15
wwwthetimes.co.uk/business. Look at Nic Fildes Tempus column. He's only one tipster! To summarise his comments. "Avoid as the new chief must reassure that the company is on track" Personally I'm prepared to give it more time. I await the Annual Results in April. Gla
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