Of course this is a lifestyle vehicle for the bod just like most companies on AIM. Imagine going on Dragons Den with this balance sheet and asking for capital? They would shoot you down in flames.
DB is the master of dilution like you rightly pointed out despite this being 'fully funded' a few years back DB only went and did another placing for no apparent reason when the cash reserves were several million. You can see why so many are peed off with this, just another lifestyle vehicle for the bod.
Very good numbers, it was horribly over sold. Today's RNS is a confidence booster the market needed, going forward we should see a return to the 30s in due course. VTU, I expect similar to today's results.
I'm worried about the intraday swings here. VTU simply too strong in the long term and going forward plenty of gains to be had from these prices. PDG also the same.
Brilliant management and strategic plan going forward that's what I like about VTU it's properly run behind the scenes and they reinvest heavily back into their core business. Anything below 45p is a steal.