Centaur Down - but falling more slowly
Centaur has described with some optimism current trading. The year on year revenu decline has slowed from 32% to 28%. The world is so awful that this is seen as good news these days. Expect the next results to show a year on growth, but the truth is Centaur will take years to get back to where it was, if ever. It will generate cash in the future, but whether there is any meangful growth in value to enjoy is highly questionable. Although some analysts argue that Centaur is undervalued (notably Numis the house broker) this observer thinks the recovery, such as it is, is already in the price.