RE: Question25 Apr 2017 14:04
James - if MB can achieve the goals his Outlook statement, and I believe he can - then eventually we will see this reflect in the SP. The only negative I see in these results is the growth figure. However , now that everything else has been addressed and we have some solid performance behind us with tighter cost control and margin generation I hope we focus fully on this area. The statement seems to indicate that this is what they intend to do. GLA
Outlook
We have made significant operational progress, are profitable, have generated positive operational cash flow, delivered a net cash position at the year end and developed a strong order book and new business pipeline for 2017.
The acquisitions made during the year are fully integrated with a period of post-acquisition development also being successfully delivered. The focus now is on scaling the business, growing margins, penetrating the market with our product and service offerings and a continued strategic focus to assess the market for further opportunities to grow both organically and by acquisition. Our restructuring is now complete and provides a stable and robust balance sheet, which the Company has not previously had in place. That, combined with our clear strategic focus leaves us well positioned to accelerate our growth aspirations.
The significant improvement in our operational performance is a clear reflection of the passion and quality of our people. On behalf of the Board, I wish to personally thank and acknowledge my colleagues for what they have achieved during 2016 and for their ongoing commitment to RedstoneConnect.
Mark Braund
Chief Executive Officer
25 April 2017