Member Info for Rocka999

It was only a matter of time, good news all the same

Well done on your investments...........

On revenue £0.48 million higher than the prior year, at £3.30 million, the profit was still though just £6k with the balance sheet showing cash of just £24k. Worse, a net current liabilities position was slightly increased - to £0.99 million - and net assets were slightly lower at £1.819 million and including £2.77 million of intangibles. Additionally, “the results include the beneficial profit impact of £117,000 resulting from the adoption of IFRS15… The impact of this is additional revenue of £317,000”!

The company seeks to emphasise its “focus is on providing a high-quality Managed Service offering wrapped around hardware and software delivery that generates ongoing contractual revenues from the customer base over several years and this is a major objective. This strategy has been effective over the last 24 months, in particular, which has enabled the group to create an annual recurring contractual revenue base of in excess of £700,000” and “believes the group has an opportunity to build on this maiden profit during the coming year”.

However, it’s admitted “the second half of the financial year… was markedly more difficult. This was due, in part, to the deterioration in macroeconomic trading conditions that has been evident since November 2018 as a consequence, initially, of uncertainty surrounding Brexit and then latterly, an overall slowdown in the sector as a whole”. I suggest this remains the case and that the company’s balance sheet makes it far from encouragingly placed to face such conditions. Still avoid / sell.

No point mannan as the post will be removed

Our resident rampers have disappeared off the face of the earth also ?

Are you trying to polish a turd ?

A friend was asking !

Yes my trades not showing

Not much in the way of investor comment today even though they made a profit

Barely any cash in the bank but then again we know where its ending up don’t we....

Surprised this hasn't moved again today still under nav

NT to buy now, they soon catch on............

The two ugly sisters as I call them appear to have turned a corner now thank god

It is all about hope here as there's very little else.............

This share has been so dire so it can't get any worse other than the planned acquisition goes pear shaped, more puntworthy than not at this point............

AD4 and IDE have been a pair of basket cases thanks largely to the inept management teams in place

I can see a turnaround in both companies now, reputations are on the line.................

I’m guessing we’re about to see some changes

Don't catch the knife..............

One line to note in the RNS

"Group trading profitably at an Adjusted EBITDA** level for year to date"

Over 66% of the shares held privately but there's still a few kicking about I'm sure

Worth a punt if you can afford it.................

Looks a promising recovery play from here albeit you may have to wait some time for some real returns