RE: Allenby Report - cash balance29 Nov 2018 16:24
Oh yes you forgot to mention this in the Allenby report.
We are not making any changes to our forecasts for FY2019 and FY2020. Prospects remain sound and opportunities abound in a strong market for the delivery and support of NHS integrated urgent care. In the recent budget we note the Chancellor announced an additional £20bn of spending on the NHS over the next five years. It is also worth noting that, for example, if a 17% gross margin was achieved, this would equate to an additional gross profit of £1.85m over our current year forecast. With the Group enjoying a strong cash position equivalent to 81% of its current market capitalisation, the potential for higher gross margins, increased funding for the NHS and a strong pipeline of contract opportunities, we believe that the shares are undervalued.
Margin will increase now Vocare have no units that are inadequate. Hope that puts your mind at rest you should buy back the sahres you sold and not spent them on RhythmOne.