Analyst Research Report Snapshot

Title:

SIGMA CAPITAL GROUP - NOT OUT OF DOLDRUMS YET

Price:

$10.00

Provider:

Edison Investment Research

Date:

30 Sep 2010

Pages:

2

Type:

AcrobatPDF

Companies referenced:

SISGM.L

Available for Immediate Download
Summary:

Today, Sigma Capital announced its FY10 interim results, which show that conditions in the group’s primary operations, venture capital and property, continue to be difficult. The decline in H1 revenues from services, to £0.9m from £1.3m, reflects the absence of set-up fees from new property partnerships. The £1.1m loss before tax included £0.7m of write-downs. Because of the latter, together with no new set-up fees now likely to contribute in H2, we are reducing our FY10 estimate of break-even to a low-case £1.4m loss. The group has £3.27m cash, of which £2.02m is unencumbered, to weather the current doldrums until conditions improve.

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