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INNOVATA-a turn around situation-strong buy (IOV)     

moneyplus - 22 Jun 2006 14:30

This company has just posted excellent first half results-a complete turn around from losses to profits. looks a good long term buy to me anyone else in this one?

G D Potts - 22 Jun 2006 18:20 - 5 of 6

Used to hold as ML Labs and then as Innovata but sold after I got bored with the lack of price movement. They are looking good now though.

stable - 23 Jun 2006 08:59 - 6 of 6

Made a strong move this year to 28p. We had very good 1/2 year with an outlook of more good news to come with usda approval looking a formality for adept.
The price then came under pressure with a heavy seller seen and the price(with the aid of the falling market in general)fell to 20.50. It is suspected that the seller was something to do with the takeover they made last year as the 12 month holding period is now up, but there has not been any notices to identify sellers.
The out look looks vg with increased royalty revenues although clickhaler is delayed by a few months that will not affect the short term income in any damaging way.
Holding, please do your own research.
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