Again, not a stellar report. Not much in the way of sales leads discussed. Booking roughly break even or a "profit" but in reality cash and equivalents again dropped from about $3.3m to $2.0m. The effective loss was booked as an investment, alledgedly in product improvements, though I wonder how much of that was actually just delivering on what they'd contracted to do for existing clients. Seems to be a bit of selling off at the moment and there's rumblings in the market of some forthcoming bad news with one of the flagship Razor clients. The less than stellar outlook is possibly evidenced by the trading activity before the half year announcements. Best option now would seem to be one of Markit's rivals trying to pick them up cheap to add a risk offering to their product portfolio.
RZR Price at posting:
1.6¢ Sentiment: None Disclosure: Not Held
