The software solutions provider and global leader in geospatial data management.
10-Oct-2017
Interim Results For The 6 Months To End July 2017 – Improvements, slow and steady as the company “Turnaround (is) delivering improved results”. Adjusted EBITDA up from a -£0.4m Loss to a Profit of £0.3m. The CEO is confident for the full year and the board believes that that the current bank overdraft facility is sufficient to support the company’s working capital requirements.
After a Profit warning at the end of 2016, the share has doubled from the low – This update may encourage others to believe a corner has been, or is at least starting to be, turned.
23-Oct-2018 – 39p – £38.5m – PER 17,794
Interim Results For The 6 Months To End July 2018 – Confident of delivery FY in-line with expectations.
Perhaps a corner has been turned here but with in-line meaning a small Loss is still on the cards I remain Neutral.
7-Mar-2019 – 33p – £32.6m – PER 66.7
Trading Update For The 12 Months To End January 2019 – FY to be at least in-line with Cash at £6.4m. Looking forward to higher levels of profitable growth.
Will keep an eye out for actuals.
14-May-2019 – 36p – £36m – PER 80.9
Results For The 12 Months To End January 2019 – Revenue up 4.1% (to £17.6m), Loss of -£1.8m (£-1.6m last time).
Still not enough here to get me more interested at present.
