Micap (food tech company) now floated

This is one of my tips for 2005 - Think this has been overlooked, having dropped a long way from its float price yet has not disappointed in any way to my knowledge. The interim results were upbeat and the co. completed an earnings enhancing acquisition. The company suggests there will be positive newsflow in the coming months and that it wont be making a cash call.

Prospects

In order to balance our portfolio, we are endeavouring to develop products that
have a shorter lead time in coming to the market. The nutraceutical, biocide and
agrochemical markets provide significant opportunities to do this, and we
believe that the progress we have made in the last half year will enable us to
obtain commercial relationships in each sector in the coming months. Together
with our relationships in pharmaceuticals, we feel that we now have a strong mix
of short, medium and long term opportunities.

We are confident that our revenue opportunities, together with rigorous cost
control, will enable us to attain profitability within the horizon provided by
our current cash balances