Tyratech (TYR and TYRU) has 370m shares in issue and is capitalised at, say, £14m. (I do wish this division of capital would be brought to an end. Surely the management can get this done.) But this morning’s statement looks pretty bullish to me. Clearly sales are starting to grow exponentially and, at long last, profits are on the way. Obviously, this equity is still at the risk level but slipping back to losses seems very unlikely. In the meantime there are new products on the way: Family Cawkwell has already got enough but I wouldn’t put others off tucking a few away at under 5p.
*****
I was surprised to see Orsu (OSU) retreat to 1.8p yesterday. After the deals now in hand are completed (c. 30th June) there should be circa 4p+ cash per share and no debt. Unless the management set about a programme of deliberate waste it is hard to see the shares below 3p.
*****
Meanwhile, Pantheon (PANR) has gone into new high ground. Hang on to your hats. Now 154p.