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Re: VRS Stream Log
08:17 22/07/2014
Aurelius
0 replies 0 0

RNS out: Total Carbide performing as expected, more development work in the pipeline for VersarienCu, 2-D Tech integrated. A few concerns about working capital mgt- receivables up sharply, invoice discounting required, cash down since midyear. Expect them to need another share placing in next 12m. On some modest assumptions for growth in the three businesses, see them close to breakeven in 2015, modestly profitable in 2016, then ramping up. 12m target price 32p.

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