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Millbrook raises £0.8m

Companies: MBK   
05/04/2006

Investors have put another £790,000 into Millbrook Scientific Instruments, maker of nanoscale surfaces, thin films and coatings investigation equipment.

AIM-quoted Millbrook, which lost a trebled £630,000 in the half year to September on doubled turnover of £1.2 million, coaxed the money out of investors with the help of broker Seymour Pierce at 5p, against a current 7.13p AIM price, up 1.13p today. The company, headed by chairman Peter Stefanini, recently won five orders worth £400,000, including the first purchases from Australia and initial orders for its US joint venture in Atlanta.

Millbrook's shares currently value the company at £2.7 million. They have speculative possibilites for the long term.


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