26 April 2018 – trading update
The group has issued a trading update for its financial year ending on 31 March 2018 and this has revealed that although the results will be ahead of last year they are likely to be slightly below expectations. This is mainly due to the later than expected roll out of a significant contract with a corporate client although there have also have also been various costs incurred relating to recent changes in senior management. The delayed contract is now underway and revenues will be recognised in the current financial year. The group has ended the year with a solid financial position with both cash balances and order books ahead of last year. The shares remain ATTRACTIVE