16 June 2010 – annual results

Results for the year ended 31 March 2010 were impressive with revenue up 48% and a maiden profit declared.  This is undoubtedly a business going places, with a strong pipeline of orders and some heavyweight customers.

The shares have performed strongly, both in absolute terms and relative to the market. On that basis the current price may be a little frothy in the near term but the shares remain a LONG TERM BUY.