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Work Group

  • BY: Andrew Hore |
  • POSTED: 12/01/2010 |

Work Group says that it has net cash of more than £2m.

The recruitment services company says its trading is line with 2009 expectations, which means that it should breakeven. House broker FinnCap forecasts 2010 profits of £300,000.

At 13p a share, Work is valued at £3.72m – a figure underpinned by a cash figure that is better than expected.

Morgan Stanley was cutting its stake for most of last year but at the end of the year it was raised from less than 3% to 5.32%.

The full year figures will be published on 16 March.

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