RE: Looks very interesting here29 Aug 2015 12:39
i have spent a couple of hours looking through all the information i could.everything i read points to this being way undervalued.the profits are slightly down on last year but still good.4.6 million cash plus placing money.net assets very healthy.think the big issue they had is they couldn`t raise 10million to carry out their expansion plans so have just consolidated this year.they now intend to carry out that expansion internally.the directors own approx 65 million shares,which is more than 50% of the shares in issue.think that they made a decision that they needed to raise the extra £1.75million in order to execute their expansion plans now,rather than wait until next year.despite the decline in sp there have been no TR1`s to say anyone has reduced their holding.also interesting that most of the money was raised through subsciption shares.we don`t know who the subscibers are but i am willing to bet that they will be held on to.so all in all it does look very promising here.pprofit making,very little freefloat and ridiculously low sp compared to nav,plus major expansion plans underway.