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Active Risk Group
- BY: Andrew Hore |
- POSTED: 27/03/2012 |
Risk management software provider Active Risk Group will fall back into loss in the year to March 2012 due to delays in securing contracts.
The shares fell 8p to 32.5p, which values Active Risk Group at £10.8m.
Formerly known as Strategic Thought, Active Risk moved back into profit in 2010-11 and it was expected to increase its profit this year. House broker finnCap has cut its revenue forecast from £10.1m to £7.1m and expects a loss of £1.6m instead of a profit of £800,000. There is £3m in the bank.
The forecasts for 2012-13 are unchanged and a pre-tax profit of £1.4m is forecast. Recurring revenues are running at £4m a year.
The full year figures are due to be published on 16 May.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFMarch2012_30.pdf
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