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Strategic Thought

  • BY: Andrew Hore |
  • POSTED: 24/05/2010 |

Risk management software supplier Strategic Thought has raised £842,000 at 32p a share.

New and existing shareholders subscribed for shares. This will help to strengthen the balance sheet. Strategic Thought had net cash of £1.7m at the end of March 2010 but even following a cash inflow of £809,000 after expenses the net cash figure for the end of March 2011 is expected to be around £1.4m.

This is despite the fact that house broker FinnCap forecasts a swing from a loss of £457,000 to a profit of £185,000 in the year to March 2011. Revenues are expected to move ahead from £8.24m to £8.67m but trade debtors are likely to increase by more than £1m.

Lynton Barber has become executive chairman following the departure of chief executive Martin Metcalf. Finance director Andrew Darby is also likely to have a more extensive management role.

At 34p a share, Strategic Thought is valued at £8.95m. 

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