Manufacturer’s share price falls by half to end disastrous year
Versarien's practically-worthless shares fell 50% this morning after the struggling manufacturer revealed more bad news to end a disastrous year.
The advanced materials specialist expects to report annual operating losses of more than £3m.
Hoped-for and much-needed income from the sale of some assets has proven hard to come by.
The company today revealed the sale "has not progressed as expected". It said there continues to be interest in its South Korean assets and IP, but "any transaction is not expected to complete until n... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
