RE: Raise coming29 Nov 2022 13:41
What new advisor? They had two. To reduced costs they decided to axe barren****** and retain cenkos. This is the the third year that half year results have come in low but they have subsequently met forecasts in excess of £30 million. That is because their revenue is weighted towards the second half. No denying t he results are disappointing , and the lack of an acquisition is poor . Still have a revolving credit with Barclays for £4 million and £55 million in assets. Its been a tough year, what with war, energy crisis and inflation. Next year will be tough too. I dont think cybersecurity has lived up to expectations. Security is only going to get worse so economising on that will be a false economy. They have some good long term contracts and loyal customers. As the banks say most people would rather change their partner than their bank, same with cybersecurity. See what Phil comes out with on Friday