Results19 Aug 2017 20:11
To be honest, it doesn't help that the company has decided to issue the final results in late September (perhaps due to trying to get a disposal completed). So we have old accounts ended June 2016 so go on.
Positives - decent cash balance, cash burn low and company hopes the second half of 2017 to have extra capacity and revenue. Possible disposal above value shown in accounts...
Negatives - negative shareholder funds/balance sheet and apparently still loss making. Also disposal reduces future revenue but remaining business margins could improve. Also share price had flat line below 5p (until last week) for four years. So just cant understand the 50p predictions because the company is not showing this type of value in the accounts.
In short - as with most companies, these are positives and negatives and final results will update shareholders and any disposal should boost the balance sheet.
The company will now have to justify the renewed interest and rising share price over the next 1-2 months. Gla