24 September 2010 – interim management statement
An interim management statement from the company has revealed that trading in the first quarter of the current financial year, which started on 1 June, has improved from the previous three months, although conditions remain difficult overall. Following July’s announcement that the group is to acquire Isotek, preparation of the relevant documentation is going well and a formal offer should be made in October. The group had cash of £15.1m at the end of August – the shares remain a BUY.