partridge
- 30 Mar 2006 10:27
Results yesterday showed decent growth in sales/profitability and good prospects. Net cash, no debt. Looks like they made the cardinal error of issuing profit warning shortly after listing last year and shares hammered. In the event, strong final quarter meant better result than expected when warning isssued. Ignorant on technology, so don't know the market - can anyone help - but financial fundamentals look sound and chairman Casey (who bought 500,000 fairly recently) also chairs one of my winners IMP. Dipped a toe in at 28p.