News blog
Densitron Technologies
- BY: Andrew Hore |
- POSTED: 11/11/2010 |
Electronic displays supplier Densitron Technologies says that the planning application for its land at Blackheath has been refused.
This land is valued in the balance sheet at £50,000 but that value would have been multiplied by planning permission. The refusal did not come as a complete surprise and Densitron is considering its options.
Densitron has £4.5m in cash, which is equivalent to 6.5p a share. Densitron recently sold its 24.5% stake in Taiwan-based display manufacturer Evervision for £3.4m. That is £1.3m below book value.
At 8.625p a share, Densitron is valued at £5.97m.
Densitron returned to profit in the first half of 2010. It reported a profit of £97,000 on revenues of £8.58m. That sparked a 0.1p a share dividend – the first dividend since 2002.
Download the November edition of AIM Journal at http://www.hubinvest.com/AIMPDFNovember2010_14.pdf
© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|