23 December 2010 – trading update
A trading update has confirmed that results for the year ending 31 December 2010 should be in line with market expectations. Cash flow has been strong and net cash as at 30 November was around £1m versus £0.2m as at 30 June. Although the share price has moved up since our tip at 6.75p, there is no reason why it should not hit double figures within the next 12 months. BUY.