LONDON (ShareCast) - Feedback, an AIM-listed company which invests in the technology sector, cheered investors with a reduction to half-year losses and a confident outlook.

For the six months ended November 30th, the group reported a loss of £136,000 (2012: loss £298,000), which it said was due to the cost of maintaining the company's listing on AIM and activities related to implementing the investing policy.

At the period end, its net tangible assets totalled £625,000, which include the proceeds from the disposal of the company's freehold property.

Chairman and Chief Executive Nick Shepheard said: "The board has commenced the assessment of various potential projects in the technology sector in accordance with its investing policy.

"While no such projects have yet come to fruition, the board is confident of moving forward on a project in the near future."

He explained that once a suitable acquisition had been identified it would be effected by means of a reverse takeover.

The group also said its cash reserve is sufficient to meet its immediate requirements.

NR

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE