Quadnetics preliminary full-year results are out:
http://www.quadnetics.com/ir/Press_Centre/News/Latest_News/Preliminary_Results_for_the_year_ended_31_May_2008/news.aspx?id=436
No big surprises. Stripping out exceptionals and assuming a realistic tax rate their profit is £2.6m. The market cap of the company is about £22.5m at the moment, so that's a P/E of about 8.5.
The balance sheet looks very healthy. £8m of cash. NTA of about £15m.
I remain very positive about this company, and per my original post I think fair value is around £60m. I plan to buy some more shares later this week.
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