Shares digital

IDMoS (IDO:AIM) – Finals PTP: -£3.5m (-£2.8m) Divi: n/a (n/a)

Losses widened, but the year saw a substantial restructuring of the business. Since the period end (31 July 2007) the company has announced the conditional fundraising of around £1.5 million which will be used to meet requirements for working capital and to meet certain costs linked to expanding its sales channels, building inventory and further development following the launch of its initial dental products (CarieScan and CarieScan Plus) in the UK and Ireland. ‘We believe we have taken the necessary steps over the last few months to restructure the business and enable it to achieve a number of significant milestones,’ says chairman John Pool. Pool, who expects significant sales this year, will be stepping down from his role in February, with Roger McDowell set to replace him. Shares slipped to 31.5p.

Shares says: Investors will need to sit tight and see whether the restructuring pays off.

by: Rachel Robson