jolly9 Jun 2013 19:41
fair question's :-
firstly there are director buy's at this level,albeit not recently:-
The Company was notified today, that on 21 December 2010:
Colin Gallick, Chief Executive Officer of the Company, and his wife Helen Gallick purchased 714,250 ordinary shares of one pence each in the Company ("Ordinary Shares") at a price of 0.7 pence per Ordinary Share.
Ian Smith, Finance Director of the Company, purchased 714,250 Ordinary Shares at a price of 0.7 pence per Ordinary Share.
Colin Gallick has an interest in 3,214,250 Ordinary Shares, of which 357,125 are held by his wife Helen Gallick, and an interest in options over 5,000,000 Ordinary Shares.
Ian Smith has an interest in 714,250 Ordinary Shares and an interest in options over 1,000,000 Ordinary Shares.
also:-
5 July 2010
The Company was notified today, that on 5 July 2011, Ian Smith, Finance Director of the Company, purchased 2,200,000 Ordinary Shares at a price of 0.45 pence per Ordinary Share
Following the purchase, Ian Smith has an interest in 2,914,250 Ordinary Shares and an interest in options over 1,000,000 Ordinary Shares.
also see grant of option's (rns 31st Jan 2012)
Outlook :-
I believe the first part of the outlook is refering to the British economy as a whole and i belive the last part:-
"Over the full financial year we intend to continue to build on the stable base we have created during last three financial years." sound's quite upbeat to me.
also :-
from the final results:-
Colin Gallick, Chief Executive Officer, said:
"What was a fragile and significant loss making business in 2009 has now been transformed into a profitable business with a sound base for further development of the business" (again upbeat)
also:-
listen to the media interview with CEO Colin Gallick (17th May 13)
sound's like a no-nosence sort of guy "cautiously optomistic", with some shareholder pleasing news to follow over the coming months/years, also sound's upbeat to me.
On top of all this your investing in a company with revenue of 2.7million/pa,
300k profit/pa
approx 862k cash in the bank
all for the current market cap of 930K (0.55p/share) cash value 0.51p/share,so 0.04p/share buy's you part of a very strong business imo..
atvb, have to bed now, it's sleep time in south east asia.
Thanks for replying, ade