More big losses

Tuesday, Jul 05 2011 by
2

The company showed an increased losses for year 3 with reduced revenues. The sales through Ford clearly have not happened. This spring the chairman changed rapidly twice, a sign of problems. From the accounts it looks bad, could run out of cash. Not a good investment, best sell while you have a chance.


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Octagonal Plc is a financial services company. The Company, through its subsidiary, Global Investment Strategy UK Limited (GIS), is engaged in providing global settlement and safe custody services to investors, hedge funds, institutions, family offices and high net worth individuals, along with other ancillary services. The Company is engaged in providing corporate broking and advisory services. GIS offers a scope of settlement, custody and banking services to professional, retail, corporate and eligible counterparty clients. GIS has over 100 counterparty relationships, including local and international investments banks transacting in the United Kingdom. GIS has an Investment Management Division, managing funds for both domestic and overseas clients on a discretionary basis. GIS's global settlement and safe custody clearing business transacts for over 300 global hedge funds and family wealth offices. more »

LSE Price
2.24p
Change
-2.6%
Mkt Cap (£m)
12.9
P/E (fwd)
37.5
Yield (fwd)
n/a



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