Vocalis: A new phase of opportunity

Add the monies raised in the recent issue to the cash in hand and the revenues for last year.

Then look at their cash burn.

OK, so something spectacular, like a huge order may happen in the meantime. My opinion is that voice recognition demand at call centres has flattened out & the are unlikely so see large orders in the future, immediate or otherwise. They seemed like an exiting company once, now they are just another member of the 99% club.

Shares rarely come back from here.

It seems that the Herald Investment Trust disagrees with me. We shall see.