News blog
Strategic Thought
- BY: Andrew Hore |
- POSTED: 30/03/2008 |
Software sales are improving at Strategic Thought.
The company should break even in the second half of the year to March 2008, according to house broker KBC Peel Hunt. It has slashed its forecast pre-exceptional loss from £1.3m to between £300,000 and £500,000. That is due to additional risk management software sales of around £1.4m.
Exceptional costs will be higher than expected but the overall loss will still be lower than the £2.4m originally estimated.
Strategic Thought goes into the current year with a lower cost base and this should help it to return to profit.
The shares rose 3p to 36.5p. Strategic Thought has £4m in the bank, which is nearly half the company’s market capitalisation.
The chairman, chief executive and finance director have all bought additional shares at 36.5p.
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