Cb00003217 Jun 2008 12:30
What price did you buy at? You will probably be offered 0.10/0.11 to sell. Would you be getting out in profit.
I believe there are factors that could drive the sp up further. They seem to have just sorted their financials out by selling the Eclectic and IG Software business for £2.72 million, that means they have capital for further acquisitions, also they have increased business by 75% in the first half of financial year compared to last years figures, they have also improved margins, fist half of this financial year of 49% gross margin compared to 41% for same period L/Y, last years full year gross margin was 23% so we need to see them stay closer to 49%.
If they stay on target for margin and acquire some worthwhile businesses then things could be good but with everything it's all just a gamble at the end of the day, only you can decide.