Finals show cost of tur f rmoil...20 Feb 2008 07:50
With shareholder funds taking a hit of £4mns to £43Mns, and Group revenues declining some 31% to £45.2Mns from £66Mns in 2006, the fallout from the years reorganisation is clear, post tax loss has come in at £4.2mns against a previous £1.6Mns retained profit. However Board are confident, tinged with general market uncertainty, that the prospects for the future look better. Without the distractions of the SIS/AMRAC debacle, the shares now look reasonable value post numbers release and after any retraction once market session opens. Indications show the sp may retract a couple of p early this session as a reaction to the numbers, presenting a buying opportunity for future long term growth.