28 November 2017 – interim results
During the six months ended 30 September 2017 EBITDA of £297k was achieved on gross revenue of £12.4m versus a loss of £42k on the same basis on gross revenue of £8.9m a year earlier. Reorganisation costs were also incurred. At the end of the period net assets were £18.3m (30 September 2016: £14.9m) which included cash resources of £2.74m (30 September 2016: £3.8m). We continue to rate the shares as a SPECULATIVE BUY.