good statements in results:
"As shareholders will recall it has been the Board's objective to eliminate bank debt through the generation of profits and cash. Bank debt continues its inexorable decline and had fallen by 31st December 2013 to £1.692M (2012: £2.915M) or by 42%. It has also fallen by 27.5% when compared to the last financial year end at 30th June 2013 and is destined to fall yet further during the second half of the year to 30th June 2014."
Yep good point.
From finals....first two paragraphs of chairmans statement has some good bullish points about future.
Will see what growth occurs from here....worth watching.
Highlights
●
Revenue increased to £5.5m (2012: £4.8m)
●
Gross profit margin increased to 64% from 60%
●
Profit from operations before share based compensation margin increased to 26% from 23%
●
Profit from operations before share based compensation increased by 30% to £1,437k
●
Funds in the Investment Management Service increased to £558m
●
Cashflow from operations increased 282% to £1.7m
●
Net cash balance increase to £1.5m (2012: £0.4m)
●
99% client retention rate maintained for the fifth year running
Yep....I noticed both cll and emr in past...both good companies financially and off radar too.
Other off topic stocks include....IME and ess...both now turned corner and good financials once again.
I spotted IME on 6p but back then didn't know anything about financials so too late!!
All the best mate...Sunderland next at home on Wednesday!