6 July 2015 – trading update
The leading data satellite provider has issued a trading update stating that revenue for the year to 30 June will be over $80m (2014: $65.6m) as the group continues to win more business from both new and existing customers. At the end of June the group had net cash of over $120m and full year results are due on 16 September. A number of significant new contracts have been won towards the end of the year and further significant transactions are pending, thus creating ongoing momentum at the start of the new financial year. We continue to rate the shares as a BUY.