Southern Bear, ‘Record Trading Since AIM Admission’ – the Bear has turned into a 'Bull'
Southern Bear, a company focused on the UK industrial and engineering sector, yesterday announced that its wholly owned subsidiary, Tarvail Limited, had achieved record sales and profit figures in the two months following its acquisition and the Company's admission to AIM.
We participated in the EIS qualifying issue back in November at 3p per share and the shares are curremtly trading at 4.25p .
Sales in the two month period to 31 January 2007 were over £1 million which is apparently c65% above budget. Profits are also correspondingly higher. The record sales in this period are due to an increased level of business with the Company's key clients. The Company has also successfully implemented a cost reduction programme in order to control overheads and further boost profits.
More acquisitions are likely over the next few months.
Shouldn’t we expect more announcements on these lines following IPO. It just seems that many companies fail to deliver.
We participated in the EIS qualifying issue back in November at 3p per share and the shares are curremtly trading at 4.25p .
Sales in the two month period to 31 January 2007 were over £1 million which is apparently c65% above budget. Profits are also correspondingly higher. The record sales in this period are due to an increased level of business with the Company's key clients. The Company has also successfully implemented a cost reduction programme in order to control overheads and further boost profits.
More acquisitions are likely over the next few months.
Shouldn’t we expect more announcements on these lines following IPO. It just seems that many companies fail to deliver.