RE: Eden - Green Barrel Article13 Oct 2016 14:47
Shore Capital have quite a positive outlook for 2017 - from the Green Barrel article:
"Shore Capital said: “The financial results for the period alone do not really highlight the progress the business has made in the first six months of FY2016, in our view. We believe Eden has made some significant steps forward in H1 from an operational point of view. … Encouragingly, the period saw the first commercial sales of 3AEY.”
The broker has forecast turnover £1.7m for 2016 against £900,000 in 2015 and is predicting the loss will drop to £400,000 for all of 2016 against £1.2m in 2015.
For financial 2017 Shore Capital is forecasting turnover £3.2m and profits before tax of £1.1m. earnings per share EPS of 6p and net cash of £3.3m. Hopefully shareholders will have a less rocky ride going forward"