This is a good value share that because of its small size does not attract the attention of large city institutions. It trades at a substantial discount to its sector and its trading performance has been in recent times steady. The respected broker, Collins Steward has put a true valution price of 30 pence per share, so buying now at 19 pence could yield a substantial profit. A takeover bid or management buy out is a very real possibility

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Seymour Pierce reiterate BUY