Aayakoob / UKMicrocap.com29 Apr 2009 18:20
Hello Mate, sorry I missed your footprint went out for a bit after posting. I couldn't copy the whole article but here's a paragraph setting a target price. NB. I haven't bought any as yet just thought I mention it. Give it some DYOR.
Assessment :
We believe there is real scope for a significant re-rating of the shares if the group can successfully outpace the decline in payphone revenues with growth from interactive services. We would also note that the current level of net debt implies an enterprise value of £6.1 million; if this were to keep pace with the group's debt reduction it would imply a share price of 17p for 2011. Interest payments are well covered by operating profits, but the elimination of debt would significantly de-risk the investment proposition inherent in such a small company. BUY.