National Milk Records - Interims Update - closer to realising value – and vulnerable to a bid

Thursday, Dec 16 2010 by

Dec 16th 2010 - today published a report on National Milk Records entitled "Interims Update - Closer To Realising Value – And Vulnerable To A Bid". In summary, the report says:

Even though NMR’s share consolidation last month reduced shareholder numbers by 75% - so rendering the company more vulnerable to a bid – its Plus listing is still keeping it under the radar. Neither has the message registered yet how enthusiastic it is for the potential from new ventures recently announced. The ‘Silent Herdsman’ cow fertility monitor has been developed with a £2.75m research grant, and the advantage it brings to dairy farmers is arousing strong interest. With exclusive distribution rights in the UK and negotiations for the rest of the world, the business could add significantly to current free cash generation of around the 8p/share level. With a slower build-up in the new Irish Milk Testing business,...

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