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Real Office Group

  • BY: Andrew Hore |
  • POSTED: 14/04/2011 |

Interior design and fit out business Real Office Group asked for its shares to be suspended at 12.30pm on 14 April because of concerns about its financial position.

Real Office needs to raise cash in order to cover its working capital over the next few months because sales will not generate the cash needed to cover overheads.

If the cash is not raised Real Office will be in a precarious financial position and it is looking at ways of finding new investment. There are better prospects for the business later in the year but the company needs to make sure that it is around to take advantage of them.

At the suspension price of 1.62p, down 0.12p, Real Office is valued at £2.46m.

Download the April edition of AIM Journal at http://www.hubinvest.com/AIMPDFApril2011_19.pdf

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