RE: A decent buy today6 Mar 2023 09:45
Current MCAP = just £2.3m.
Assuming the company isn't going bust or about to delist should this be the bottom or can it go any lower?
Lack of news is a concern with zip showing for @6 months.
If there is any good news, what would be the potential upside from here?
From 30 Sep Interims: The growth in revenues, at higher margins, illustrates that Microsaic is able to access additional revenues from other innovative companies seeking a high quality product design, development and manufacturing service. As a result, the Board expects the solid sales momentum noted in H1 to continue through H2.
"The change in business strategy which began in 2021 has carried through to 2022. The result of which can be seen in the increased revenues and gross profit which have led to reduced losses. We look forward to continued growth with our existing collaboration partners and already see new business opportunities developing for 2023 through the Authorised Partnership with Kingfield Electronics Limited. The Board notes a strong momentum of sales growth in H1 and expects this to continue through H2 with a strong orderbook."