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Strategic Thought

  • BY: Andrew Hore |
  • POSTED: 12/10/2008 |

Strategic Thought’s recovery is ahead of expectations.

Sales of the company’s core risk management software have doubled in the first half of the year to September 2008. Overall revenues are expected to rise from £6.1m to £6.8m but the underlying growth is faster because some low margin operations are being wound down.

The pre-exceptional and amortisation loss will be around £200,000. Analysts had expected the loss to be nearer to £500,000.

A contract worth more than £1m has been signed with Rio Tinto. This is for the first phase of a roll-out of the company’s ARM risk management software and some of this revenue was recognised in the first half. Existing customers are also buying more software.

Net cash was around £2.8m at the end of September.

At 79.5p a share, Strategic Thought is valued at £20.9m. The company is expected to make a profit in the second half.

Interim figures will be published near the end of November.

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