BLOODY USELESS SITE!

Part of the cause for beinging illiquid I expect, is that they will have no discussion on their own BB about themselves. I see someone dumped 7k today though.

I do find it odd that they will not allow a discussion about their shares on their own BB though,there are plenty of other illiquid share threads there and they used to allow it.

Someone brought it up the other day and they said no threads on afn would be allowed.

StockMarketWire.com
ADVFN's operating losses fell from £1,905,000 to £650,000 an improvement of 65.8%, in the year to the end of June.

Sales were down 10.7% from £9,297,000 in 2015 to £8,303,000. However, costs of sales and expenses were down 20.1% from £11,202,000 in 2015 to £8,953,000.

The after tax loss for the year was £478,000 down from £1,560,000 - an improvement of 69.4%.

Chief executive Clement Chambers said: "2016 was a transformational year for ADVFN with a change in the long term strategy of the company from international growth to consolidation of the existing business.

"Having had our plans derailed last year by the attempt to take control of the ADVFN board, we have made the decision to enter a period of retrenchment.

"Cash burn and losses are almost unavoidable with the sort of investment programs we have undertaken in the past. Currently the UK stock market has no stomach to support this kind of strategy so we have changed course to avoid needing to raise further funding and to instead produce profits and cash flow.

"Curtailing investment drops quickly through to the bottom line but also feeds through to reductions in sales. The net result is equilibrium at a lower level of activity, which we hope will provide a solid basis for future growth. This is what we are working towards and, so far, we have made good progress."

Their server down for over half an hour now. Someone feed the electricity meter for them

They are up and running again....