Good afternoon!

Since there were quite a few announcements over the past few days, I'm going to add a few on those which haven't been covered yet.

Paul produced a huge numbers of comments in a Part 1 report this morning at this link:

Please let me know anything we've missed, and I'll include a comment (preferably small-caps).




  • Share price: 12.125p (-8%)
  • No. shares: 341 million
  • Market Cap: £41 million

Final Results

This is a media business providing data, events, research and training, focusing on political and public policy matters.

It's a big turnaround story - after many years of losses or marginal profitability, it swung back to a decent profit result last year.

The momentum has continued this year (ending March 2017), with a further improvement in PBT to £1.6 million (from £1.1 million).

Looking at the Director backgrounds: the current CEO is said to have gained considerable internal influence in 2013, and was subsequently promoted to his current position in August 2016. He has been at Dods since 2001, but appears to deserve particular credit for the turnaround.

But for what it's worth, the Dods share price does remain considerably below it's pre-Great Recession levels.

But things are looking up now:

The Group's operations generated £3.4 million of cash during the fiscal year. Continuous improvement in back office procedures, a decrease in days sales outstanding from 37 days to 32 days and diligent management focus all contributed to cash generation. The Group used £3.1 million in investing activities during the year of which £2.5 million was used for the build-out, furnishings and equipment related to the relocation of Dods' registered office and headquarters into new premises at The Shard in London Bridge Quarter.

It's a shame that free…

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