News blog
Radicle Projects
- BY: Andrew Hore |
- POSTED: 04/02/2009 |
Shares in Radicle Projects slumped 14.5p to 8.5p a share when they returned from suspension.
The return from suspension occurred because the figures for the year to June 2008 were published by the Australian agricultural projects investor.
A £1.35m profit was turned into a loss of £4.52m last year. Operating and interest costs were higher but the main difference is a swing from profit to loss in the fair value of biological assets. There was a non-cash write down relating to the Paulownia timber asset.
Net debt was £7.12m at the end of June 2008. The debt is in the form of bonds convertible at 84p a share.
Radicle is valued at £1.62m.
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