Software Radio Technology (SRT:AIM) - new order brings out caution from former broker
Former house broker Westhouse has issued a cautionary note
Westhouse maintains the view that, “having consumed £1.6m of cash during H1 the conversion of inventories into cash during the second half of the year is imperative.” It continues that “In the absence of significant orders from European mandates during the second half of the financial year, increased caution over cash generation is justified”.
More positively they consider the medium term attractions of an expanding…
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