Time to Buy going to Rocket

Doubt that

Still holding..!

Bad news...http://uk-analyst.com/shop/page-article/action-article.show/id-130003123

Thats a load of b...ll..x.

Has been moving higher lately, and news today ...........

SPI - further information........

Spice to cut debt with 32.8m Telecoms sale

Utility support services group Spice has agreed to sell its Telecoms business for 32.8m to Gresham funds-backed vehicle SIATEL Holdings.

The figure includes 7.3m of debt and other liabilities being assumed by the buyer.

Spice will use the gross cash proceeds of 25.5m to repay bank debt.

The group says that these proceeds, along with the business's estimated bank overdraft of 4.9m being assumed by SIATEL, will reduce its net debt by about 30.4m before expenses.

Spice said the move will enhance its strategic focus on its Supply and Utilities-facing Distribution business.

Interim CEO Martin Towers said, 'The proposed transaction is the first major step forward following the strategic review of our Public-facing Distribution business.

'Borrowings will be significantly reduced and the group will have greater focus on its on-going activities and exposure to markets, which have strong underlying regulatory and environmental drivers.'

Spice said it has traded in line with management expectations since its February IMS.

Interesting.

Offer around 70p in my opnion.

Write this one down...70p today.