Spiritfinder15 Apr 2010 00:02
Looking to invest here as obviously there is a lot of potential here. My main concerns are :-
Barbara spurrier has resigned as Finance director in Feb 10, I cannot see a replacement yet. This is a concern for me as without a strong FD the rest of the team will do what they do best but without a strong FD, making a profit might not be high on their agenda.
They are talking about increased revenues ( which are pretty obviously going to be so) with a view to increasing shareholder value. From last years results they have a way to go for sales revenue to cover expenses.
Plus points are that 62% of shares are in public hands, so if a few hundred thousand pounds of shares are bought, shares will become quickly scarce.
If the company results show increased sales, which are releasing profits near to covering the years expenses, then that would be good enough signal for me to say profit is on its way.
So, in summary , this looks like a good punt for me. I might E- mail them to see who the new FD is. I don't see this share flying just yet so i don't see any urgency to part with my cash just yet.
I would welcome your view on any of the above comments.
-------------MaO--------------