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Strategic Thought

  • BY: Andrew Hore |
  • POSTED: 28/05/2009 |

Risk management software supplier Strategic Thought reported an increased loss from continuing activities in the year to March 2009.

Revenues from continuing activities increased from £4.96m to £6.04m but higher selling and distribution costs meant that the loss rose from £1.51m to £2.08m. The underlying increase in loss was even more because the previous year’s figures included an exceptional loss of £1.16m relating to restructuring and relocation.

There were £2m of delayed contracts and the timing of these contracts will affect Strategic Thought‘s revenues this year.

The discontinued activities made a profit of £35,000, compared to a loss of £533,000.

Cash in the bank has more than halved but there was still £2.09m at the end of March 2009. This should be enough cash for the company’s immediate needs. The company has £1.19m of tax losses.

The shares fell 2p to 33p each, which values Strategic Thought at £8.69m.

House broker KBC Peel Hunt forecasts profits of £500,000 in the year to March 2010, helped by overhead cost reductions of £700,000. Revenues of £8.7m are forecast but this depends on whether the expected contracts are signed. 

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