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ANT

  • BY: Andrew Hore |
  • POSTED: 13/09/2012 |

IPTV technology developer ANT says that it is exploring its options, which include selling the business and liquidation.

No offer has been received as yet.

Revenues were 15% higher at 2.47m in the first half of 2012. Gross margins slumped because of a significant cost overrun and provision for a loss-making contract. Delivery of these contracts is being reviewed. There is no provision for any potential litigation losses. Operating costs were flat but the loss increased from

Unit shipments rose 8% to 1.84m in the first half of 2012 but there was only one licence signed in the period.

Cash in the bank edged up to 4.4m at the end of June 2012 despite the loss. Slower payment of creditors has helped.

At 17.5p a share, down 2.38p, ANT is valued at 4.25m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFSeptember2012_36.pdf

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