Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I said I would take a look at the annual accounts to March 2018 of Global Investment Strategy UK Ltd (GIS) which AIM-listed Octagonal (OCT) owns. After all, Octagonal announced by RNS in April that GIS expects to report EBITDA of £3.01 million, a record for the Group, on sales of £6.53 million for the year ended 31 March 2018 and that cash in the bank or equivalents more than £5m as at 31 March 2018. Hmm – let’s see how those statements worked out.
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