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Sunday, March 01, 2009

Centaur confirms Profit Drop as RBI Doesn't strike

Common sense has broken out at RBI as journalists vote against strike action. Meanwhile Centaur has published its interim results showing revenue down 19% in the six months to December. Like others, Centaur is struggling to offer any guidance on future earnings and the uncertainty has punished the share price - now down to 19.5p valuing the company at less than £35m. Cash has been consumed in share buy backs leaving only just over £1m in cash on the balance sheet.

Management has confirmed that the dividend will still get paid however.

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