30 September 2011 – interim results

Disappointing interim results from the developer of advanced security and surveillance systems have seen the group record a pre-tax profir of just £5,000 in the six months to 30 June (2010: £115k).  Revenues dropped slightly to £5.2m (2010: £5.3m) and earnings per share were 0.98p (2010: 1.81p).  Although order prospects are encouraging, these are unlikely to have any material effect on revenues until 2013.  There is better value elsewhere – SELL.