8 November 2016 – final results
Although near term financial results lack meaning, figures for the year to 30 June 2016 have been released. The loss per share was cut from 6p to 4p on revenue which rose from £561k to £1.45m. More importantly, the exciting long term potential remains. Whilst the business is burning cash the shares remain risky but nothing has changed fundamentally since our recommendation last month. SPECULATIVE BUY.