News blog
Strategic Thought
- BY: Andrew Hore |
- POSTED: 18/11/2009 |
Risk management software supplier Strategic Thought reported a higher interim loss but it should have a much better second half.
Strategic Thought had already warned that contract delays would hit the figures. Revenues edged up from £3.46m to £3.58m in the six months to September 2009. The loss increased from £457,000 to £769,000 – mainly due to higher admin expenses. These admin costs were shared with a business sold last year so underlying admin costs have fallen by 5%.
Net cash was £2.03m at the end of September but house broker FinnCap forecasts that it will decline to £1.14m by the end of March 2010.
FinnCap forecasts a fall in the full year loss from £2.09m to £163,000 and then a profit of £536,000 in 2010-11. Strategic Thought has £1.1m of tax losses.
At 45.5p a share, Strategic Thought is valued at £12m. The shares are trading on 13 times prospective earnings for 2010-11.
Risk management should continue to be a growth market and Strategic Thought already has an impressive client list.
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