PEL19 May 2016 23:00
So final results for Y/E 2015 due this month - already pretty much factored in . 8.5 m Rev and 200K EBITDA.
2016 company progress moving on is what is of interest. 15 new staff taken on, order book strong, full workshops and monitoring of workloads (keep the plates spinning).
Two new representation agreements signed. Estimates of 11m for revenue and 500k Ebitda.
New COO appointed; CEO seems happy ' Paragon is poised for growth and John brings extensive international management experience coupled with a keen understanding of finance, both of which will help Paragon realise its full potential."
A desired aim to grow the company and not become reliant upon overdraft facility within two years.
Don't think the company was particularly comfortable when it was under the spotlight last year, but it seems to have learnt lessons and grown from that experience. Not much in free float and bod own a fair chunk.
Seems like a lot to look forward to here.