11 September 2012 – AGM statement
A good start has been made to the current financial year to next March with further progress expected. Net cash at 10 September remains in excess of £12m and we maintain our pre-tax profit forecast for the year at £6.9m for earnings per share of 14.2p. The shares have moved up from our recent recommendation at 116.5p (issue 58) but remain a BUY.