29 May 2014 – AGM statement
At today’s AGM the company will report that trading is significantly ahead of the same period last year although results for the year will be heavily weighted to the second half as usual. The new sales strategy is creating new opportunities for the group with a retail sales contract worth £1.1m being won last month from First Great Western and another contract win this morning with a major European carrier worth £420,000. There has also been a significant cash inflow so far this year and cash at the bank at the end of April was £1.9m. We continue to rate the shares as a BUY.