8 December 2025 - management changes

The company has announced some senior management changes that we feel may help its recovery from the disappointments of recent months.  This has seen the share price fall to the lowest level since 2009.  We last commented on the shares in September when we rated them a speculative buy at 117p after the announcement of the interim results.  These showed a loss for the first half of the year to 30 June whilst borrowings also increased to £14.8m from £12.1m at the start of the year.  The increase in borrowings was partly due . . .

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