Strat Aero #LON:AERO Finally Rally’s

STRAT AERO PLC AERO 4,250 +0,270 +6,784%

Market Cap: £1.40M
Price: 0.11

 

It has Finally been a productive day for Strat (LON:AERO)

I invested in this stock back in January 2017 and then made a subsequent purchase in Feb 2017  in an attempt to lower my average buy price. Since which time they have pretty much remained static  with a slight downward trend

The Increase is no doubt related to the final audited end of year results


The Annual Report & Accounts for the year ended 31 December 2016 (“Annual Report”) will be sent to shareholders today together with a notice convening a General Meeting (“GM”). The Annual Report and the notice of GM are available on the Company’s website at www.strat-aero.com.

OVERVIEW
· Strategy to focus on core business divisions – Training & Education and Survey & Inspection, beginning to yield results for the Group
· 99% increase in full year revenue to US$862,988 (2015: US$433,001) primarily due to the full-year impact of the acquisition of Geocurve, a specialist in the provision of UAV operated surveys and inspection services to a blue-chip customer base
· 72% increase in gross profit to US$593,079 (2015: US$345,747)
· 41% reduction in loss after taxation to US$3,524,476 (2015: US$5,931,933)
· US$1.58 million raised pre-expenses in share placings post period end to strengthen balance sheet

Source: Directorstalkinginterviews

Lets hope that this is a continued uptrend





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