Trading statement...29 Jan 2009 07:37
The Board has issued a statement stating that 6 month numbers to 31st December are a significant improvement year on year. Turnover had improved 19% to £2Mns, ebitda improved 100%, Cash flow improved by £1.1Mns of which 40% $400k was used to buy back shares, previously footprinted, At 31st Dec cash position had improved 23% to £3.6Mns. With a market cap of £7.83Mns the cash position represents 6p/share. This Co looks incredibly and dangerously under valued on fundamentals...There has been some strategic significant holdings announcements in the past....