hangon
- 04 Aug 2009 18:53
This AIM-co was a minor Medical instrument maker with Directors having a very healthy living, so with Property nose-diving they have sold the Business they know, and will dive into a wide-ranging property-format - - - more or less, it seems anything goes..(see Co. news)....
It may be to encompas all options, but I suspect they are embarking on a journey into uncharted waters.....let's hope shareholders are well satisfied, eh?
At least they retain their Listing, so it's not over yet.
The RNS suggests they have a Bank-facility of 2m, but there is no mention of the interest-rate which (if Bank-experiences are to be believed) will be somewhat steep since this is classed as a "new" business, arrgh - where's my coat?
Sp was 22p in 2005, currently abt 6p
All IMHO - DYOR -