News blog
RAM Investment Group
- BY: Andrew Hore |
- POSTED: 21/09/2010 |
RAM Investment Group’s interim figures are the first that provide an insight into the group as it is currently formed.
TrainFX and Ram Vision are included for the whole of the six months to June 2010. The remaining 49.9% of TrainFX, which provides advertising and communications systems for trains, was bought after the end of the half year but the full figures are consolidated in the interims.
Revenues were £686,000 in the six months to June 2010. The overheads included some of the costs of agreeing the purchase of the rest of TrainFX and this led to a loss of £1.43m.
Second half revenues should be higher and overheads are likely to fall. The improved performance will not be enough to offset the first half loss, though. The group should be profitable in 2011.
RAM Vision, the retail advertising screens business, has been signing new advertising contracts with shopping centres around the UK.
Since June, RAM has raised £1m from share issues and £1.5m from a senior debt issue.
At 5.5p a share, RAM is valued at £6.64m.
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