"Our balance sheet fixed asset values have increased, mainly due to a property revaluation which added £2.65 million. All of our properties are now valued above original cost. This, together with our profit generation and the impact of the acquisition of Datawise (see below) has strengthened our balance sheet to a record net asset level of £14.58 million, or 95.8p per share. Our cash resources ended the year at £2.00 million, after having paid the initial consideration for the acquisition of Datawise."
The above is taken from the Unaudited full year results. NAV 95.8p/share is interesting (about 20% Intangibles according to ADVFN) and the £2.0m cash equates to about 13p/share back in May.
Broker forecasts on Hemscott show only one broker covering on 11th Oct with a BUY recommendation and earnings pre share for the next two years of 14.7 and 16.5p. See :
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