VOLVERE - £6.3m m/cap, £3.3m cash, core business winning contracts

Topvest, imo VLE's collection of certification and safety businesses could be a tempting acquisition target for the likes of INSP or ITK - do you agree?

Hopefully the 2006 results will prove that this group of businesses have been successfully turned around. The next step will be either to build the Group up with further acquisitions or sell the testing businesses for a decent profit.

Whichever is the case, the value of the core businesses plus the almost £7m of net tangible assets should be well in excess of the current £7.7m m/cap.

I suspect the directors will build on the existing businesses with more acquisitions. But I'd like them to get on with things a bit faster than they've done to date! And I'm sure they're aware by now of the need to do so....