Sarantel

Having a quick look at these as a recovery play but agree with Volvo and maggiori above. Superficially the 12.5m mkt cap with 12.3m cash looks attractive but the 5.4m loss +5.7m cash outflow for last year means that it won't last for too long.
Trading statement says in effect that they are pinning hopes on the delayed order coming through but as no reasons are given for the delay, so it's hard to judge.
Doesn't look safe enough for me but could come right if firm orders come through.

>> Red Ninja, the accounts say that the directors are paid 425k in total, so quite modest. They probably have a stash of options, but the're not worth much at the moment.