24 December 2018 – update on trading and financing
The company has provided an update on trading for the year to 31 December confirming that revenues are likely to be at least 10% higher than the previous year with underlying operating profits expected to be at a similar level. The company has continued to invest in its R & D capabilities and these should help underpin growth in future years. The company has also extended the maturity date of £300,000 of loan notes to 31 March 2021 from 31 December 2019, whilst it has also issued another £250,000 of loan notes and these will be repayable on 31 March 2022. The additional financing will allow the group to continue to invest in its R & D programme and the shares remain a SPECULATIVE BUY