Ann: Completion of Webcentral Share Sale and CFO Resignation, page-9

H1 they had 66m, the accounts were in 15m loss from continuing activies and 10m operating cash loss.

from the cash there is 7.3m in restructuring costs.

so we are at 7.7m p&l and 2.7m cash.

1.1m interest paid on cashflow, 2m finance from p&l

that brings us to 5.7m p&l and 1.6m operating cash loss. Hard to know what they spent on capital. If they replicated these results
66m
less - 2c dividend, $6.6m
Less - acquisition 1.3m net
less - 1.6m operating loss
add - 20m webcentral sale less exp and tax, lets say conservatively 15m

66-9.5+15 = 71.5m less capital expenses.

market cap of 50m

so their business and all their assets are apparently worth negative $20m?