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Strategic Thought
- BY: Andrew Hore |
- POSTED: 16/04/2010 |
Martin Metcalf has stepped down as chief executive of risk management software supplier Strategic Thought.
This follows last week’s disappointing trading statement. Revenues are expected to be more than one-third higher at £8.2m in the year to March 2010 and the operating loss will fall from £1.8m to around £400,000. However, this was not as sharp an improvement as expected.
Lynton Barker, who has been on the board since November 2008, will become executive chairman. Metcalf had been chief executive for nearly three years.
At 32.5p a share, down 0.5p, Strategic Thought is valued at £8.56m. FinnCap reduced its fair value estimate from 61p to 25p a share.
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