21 September 2010 – AGM statement

A bullish AGM statement revealing strong current trading combined with the news that the company has received a significant payment of interest from HMRC regarding its recent repayment of VAT has seen the stock tick up.  After professional fees, the net amount of VAT plus interest received by the group is £4.4m.  Although this is clearly good news for the group, the shares have enjoyed a strong run over recent weeks and are now a HOLD.