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Millbrook Scientific Instruments (Ofex to Aim) (MIB)     

vasey - 20 Apr 2004 13:03

I know others have interest in this stock and I thought it might be helpful to post up today's announcement.



MILLBROOK SCIENTIFIC INSTRUMENTS PLC

TRADING UPDATE, PROSPECTIVE ACQUISITION & PROPOSED MOVE TO AIM

Millbrook Scientific Instruments is pleased to announce that trading has been
strong in the second half of 2003-4. Total sales for the year were GBP880,000,
representing an increase of 75% over sales of GBP504,000 in the previous
12-month period. Over the last three years, first as Millbrook Instruments
Limited and now as Millbrook Scientific Instruments PLC, the company has
achieved sales growth averaging 88% per year.

The Group will announce its final audited results for the year ending 31st
March 2004 in the first week of June.

Sales in the second half of the year at GBP522k represented a 46% increase over
first half sales of GBP358k. Furthermore sales in the fourth quarter were
GBP378k, more than double any previous quarter. At the level of sales
achieved in the fourth quarter, the Group is now achieving significant
profitability at the EBITDA level. Looking ahead, based on the volume and
seriousness of sales enquiries, the Directors believe that the level of likely
future demand for the Group's products is set to remain high for the coming
year.

In a City presentation to the broking and investment community on 11 February
2004 the Company announced its intention to seek an AIM listing and to continue
its growth by acquisition. A target acquisition has now been identified and
agreement in principle reached with the vendors. The target company is, like
Millbrook, in the nano-metrology surface science instrumentation sector. Its
turnover is around GBP850k per annum and it is profitable. The synergies with
Millbrook are considerable. Both companies are selling to similar industrial
and academic customers, and the global strengths of the companies are
complementary. Millbrook is currently conducting final due diligence on the
target which will be completed within a few weeks.

Millbrook will be seeking to complete a share placing with a small number of
investors in order to make this acquisition without undue short-term strain
being placed on the Company's balance sheet and also to provide funds for the
costs associated with an AIM listing. It is Millbrook's intention to proceed
to an AIM listing promptly thereafter.

THE DIRECTORS OF THE ISSUER ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS
ANNOUNCEMENT.

Enquiries to:

Dr Peter Stefanini Tel: 01254 699606
Executive Chairman
Millbrook Scientific Instruments


Details of their history, RNS library etc can be found on www.ofex.com

hawick - 22 Apr 2004 22:34 - 2 of 9

Hi vasey, yes I have been in this one for a while and I think that these are deeply undervalued. Worth tucking away and still available just under 10p. With the company forecasting profits of over a million in a couple of years, the current market cap of 2.6million (plus about 30% dilution i think, a still miniscule 3.5 million) look paltry.

I am sure when it goes to Aim it will get an adult rating, so for those with access to ofex the chance to get in now looks exciting.

ThirdEye - 22 Apr 2004 23:10 - 3 of 9

Gets some mentions on a new Ofex site www.finfoex.com

goldfinger - 23 Apr 2004 12:05 - 4 of 9

Advertising another board you have a financial interest in thirdeye. Hope youve paid for this coverage. Lets face it its not the first time you have sneeked this in on this site.

ThirdEye - 23 Apr 2004 14:13 - 5 of 9

Why make up things you know nothing about?

You have no idea if I have an interest?

This thread is about Millbrook please stick to it.


Strange no other boards object (other than the obvious one) me linking www.moneyam.com if there happens to be a thread of interest I want to point them to.

hawick - 23 Apr 2004 14:54 - 6 of 9

Perhaps this helps, from another site, posted by Third Eye, in the millbrook thread:

Third Eye:
Bought 20000 first thing.

Why didn't you say so in the first place Third Eye? Perhaps you are embarrassed at following my lead into this one. No need welcome aboard. Lots of great newsflow recently as i pointed out in my earlier comment.

Think it is time you joined us GF! ;)







goldfinger - 23 Apr 2004 16:35 - 7 of 9

Posted by Thirdeye.

ThirdEye - 23 Apr'04 - 14:13 - 4 of 5


Why make up things you know nothing about?

You have no idea if I have an interest?ENDS.

Well you havent denied it either so I suppose I could always get a report from Companies House. If you want to advertise your site why not approach Ian (bullshare) and PAY the going rate like other advertisers rather than sneeking it on to the board and getting it on the cheap.

The fact that you are constantly posting it up and down the differing boards gives the game away.

I hope they present you with an invoice.





ThirdEye - 23 Apr 2004 16:52 - 8 of 9

Well I think the link has been mentioned once on this board, perhaps you view that as overly plugging it , why not tell Money AM...and see if they wish to remove it goldfinger?


Please concentrate on Millbrook in this thread goldfinger.


Hawick I never follow your tips,( I am afraid you are trying to flatter yourself) I learnt a long time ago to do my own research, which has saved me lots of dosh.

As it happens on this one I traded it at a profit, as I have 10,000 I wish to put in something I strongly fancy....got to hold on to Britannia & such like old bean...so Millbrook had to go, to add to the rest waiting & ready to invest.


goldfinger - 24 Apr 2004 00:53 - 9 of 9

Please stick to Millbrook on this thread thirdeye and pay up the going rate for advertising.
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