Corporate finance adviser Marechale Capital says that delays to transactions mean that it will lose between £250,000 and £300,000 in the first half.
There is also likely to be a £100,000 write down on the book value of investments. That is more than one-quarter of the combined value of available for sale and trading investments in the balance sheet at April 2017.
The share price fell 0.8p to 0.88p, which values Marechale at £508,000. There was £302,000 in cash in the bank in April and the NAV was £761,000.
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