Research14 Apr 2010 23:34
Peter Gyllenheimer has aquired a 30% stake in the company. The company has also paid back a £2.5M loan which would indicate that cash flow is good.
Executive share options approved today would mean
potentially gives them options over 12.72% of the share capital, rights to these options occurs in 3 tranches:
1) 20% now, with an exercise price of 9p
2) 30% by 30/6/11, if the mid-market price is at least 13p for 20 trading days during the year up to that date AND fully diluted EPS are at least 0.93p
3) 50% by 30/6/12, if sp is at least 20p for 20 trading days in that year and fully diluted eps is at least 1.67.
Last IMS is positive and a good read
http://www.advfn.com/p.php?pid=nmona&cb=1271263630&article=41117711&symbol=ACR
Currently 7.5p to purchase it does look good value.