Warehouse data systems services provider Belgravium Technologies says that the current financial year has started slowly.
Orders and sales are lower than expected but management is hopeful that there will be an improvement later in the year.
At 2.5p a share, down 0.25p, Belgravium is valued at £2.52m.
The acquisition of Feedback Data should be completed at the end of May. Management hopes that additional investment will help Feedback Data to return to profitable growth. Belgravium is paying £600,000 for Feedback Data. The cash will come from its existing resources – there was £1.6m in the bank at the end of 2013.
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