31 July 2012 – trading update
The LED lighting group has issued an impressive trading statement for the six months to 30 June with revenues rising 50% to £3.82m whilst the group has also become EBITDA positive on a monthly basis. As a result, 2012 is likely to see the group break even for the year on an EBITDA basis whilst 2013 should see significant growth. The shares remain a SPECULATIVE BUY.