Pursuit Pumping into a $22 Billion Market!!!!

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boelhoub - Thu, 21 Dec 06 :

Surely though they meant current 'financial' year...so therefor 30th Sep 2007. Still 2006 turnover was £1,496,022 and the net cash outflow from operating expenses was 3.37 mln. In other words their turnover will have to grow till at least 6 mln+ (given margin of approx 60%) this year to cover the 3.37.

For Q1 the turnover exceeds 860.000 so let's say it's 900.000 for arguments sake. Then projected turnover would be 3.6 mln (i.e. short to be cash flow possitive). But given the accelaration we have seen in turnover growth to date I do not think 6 mln + turnover (or more as they foresee to be possitive) is unrealistic, especially if we can see some Tyco revenues coming in H1 2007 (i.e. calendar year so before end Jun 2007).

Definately a stock for 2007 and years to come...


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