18 april 2012 – contract win

The company continues to make steady progress with the announcement that it has won yet another contract, this time in the US.  Although only relatively small, being worth just $1.5m this is further endorsement of the group’s products.  Despite the rise in the company’s share price the shares do not look too expensive on a prospective p/e ratio of 11.7x for the year to 31 October.  The shares remain GOOD VALUE.