New Contract23 Apr 2009 12:56
Sounds like a good contract - worth around 33% of their turnover, so pretty significant (& interestingly 6 months to the day since they announced their last significant contract win.
Whilst this is great news, what is even better news is that you have to assume the previous major contract is going to plan, otherwise UVEL would not enter into a further contract with the same company.
Roll on the full year results. Assuming a net profit of circa £2m, then the share price should keep on rising back to a realisic level.
Not a ramp but I believe that the lowest floor for this company is 4p per share >>> the price that the laon company who gave the company a loan has negotiated to convert his loan into shares if the company fails to pay when due.
Dyor i have