i think we expected the results to show za bigger profit perhaps nearer 1 mill per year but its still marginal. However the new contracts that are signed this year so far will only be included on the next result in 6 months so could see a larger half year profit.
there is debt for sure. The thing im interested in is the recent contracts and the profit on them, i suppose it will be good to see the new contracts over the next 6 months and more importantly can the results improve to nearer previous levels for profit and increased revenue. IMO worth a look but could be a slow burner.
we have the contracts this year that were not included in 2012 results (obviously) but these are good size deals so expect profit to increase a lot for the half year results, IMO The improvement in trading performance during 2012 has continued into 2013 with contracts having already been signed with a value in excess of 70% of 2012's turnover
i agree , a year ago these were around 1.7p and yet we now have the below increasesGroup revenues increased by 22.5% to £13.6m.
· Trading loss of £836,330 in 2011 converted to a trading profit (pre-tax) of £218,505 in 2012.
· Increase in Gross margin from 7% in 2011 to 13%
liley to get a chnace sub 1.20 for a top us as i was only offered 1.16 to sell a large amount. I will top up here 13 mill rev also in profit with loads of contracts in the pipeline also a recent 3 mill contract. market cap 2.6 mill? do others not see the value here? i will add another 300k when we bounce.. I will wait
in the dire market state there are worse shares than this, i still hold a few. When gold finally starts to rise i wll move all in there but that could be some time.