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Calluna - NO RECOMMENDATION

Companies: CLN   
18/06/1999

This company has a history of making losses, and it stayed true to this financial heritage in the 12 months to March. Despite a dramatic jump in turnover from £6.6m to £24.6m, the pre-tax line was still in the red, albeit with reduced losses this time of £3.23m (£6.2m). As ever, much is being promised in the year ahead for its miniature hard disc-drive machines. Of the emergency £5.8m raised a few months back, there is £1m left.

Market cap: £29m
Share price: 14p

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