| £ (Millions) | £ (Millions) | £ (Millions) | |
| Growth Metrics | 31-Oct-10 | 31-Oct-09 | 31-Oct-08 |
| Annualisation Factor | 1.0 | 1.0 | 1.0 |
| Dividend Yield | 0.0% | 0.0% | 0.0% |
| Continuing Operations | |||
| PE Ratio - Adjusted | n/a | n/a | n/a |
| PE Ratio - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
| PEG - Adjusted | n/a | n/a | n/a |
| PEG - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
| Return on Capital Employed | n/a n/a |
n/a n/a |
n/a n/a |
| Operating Margin | (1,689.86%) (1,689.86%) |
n/a n/a |
n/a n/a |
| Continuing & Discontinued Operations | |||
| PE Ratio - Adjusted | n/a | n/a | n/a |
| PE Ratio - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
| PEG - Adjusted | n/a | n/a | n/a |
| PEG - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
| £ (Millions) | £ (Millions) | £ (Millions) | |
| Gearing | 31-Oct-10 | 31-Oct-09 | 31-Oct-08 |
| Net Gearing | n/a | n/a | n/a |
| £ (Millions) | £ (Millions) | £ (Millions) | |
| Value Metrics | 31-Oct-10 | 31-Oct-09 | 31-Oct-08 |
| Price/Book Value | 17.0 | 6.3 | 0.6 |
| Price/Tangible Book Value | 17.0 | 6.3 | 0.6 |
| Price/ Cash Flow | (52.5) | (9.7) | (1.1) |
| Price/Revenue | 593.65 | n/a | n/a |
| Price/R&D | 101.8 | 16.1 | 2.0 |
| Net Asset Value per Share (exc. Intangibles) | 4.24p | 1.86p | 4.16p |
| Net Cash per Share | 0.71p | 0.73p | 1.22p |
| £ (Millions) | £ (Millions) | £ (Millions) | |
| Annualised Fundamentals | 31-Oct-10 | 31-Oct-09 | 31-Oct-08 |
| Continuing Operations | |||
| Revenue | 0.18 | n/a | n/a |
| EBITDA | (2.77) (2.77) |
(2.00) (2.00) |
(2.82) (2.82) |
| Depreciation | (0.29) (0.29) |
(0.34) (0.34) |
(0.29) (0.29) |
| Net Interest | 0.03 0.03 |
0.07 0.07 |
0.15 0.15 |
| Profit Before Tax | (3.02) (3.02) |
(2.30) (2.30) |
(2.96) (2.96) |
| Revenue per Share | 0.12p | n/a | n/a |
| Pre-Tax Profit per Share | (2.04p) (2.04p) |
(1.80p) (1.80p) |
(2.81p) (2.81p) |
| Market Capitalisation £ (Millions) | 125.24 | 15.00 | 3.19 |
| Enterprise Value (EV) £ (Millions) | 125.24 | 15.00 | 3.19 |
| EBITDA/EV | (2.21%) (2.21%) |
(13.30%) (13.30%) |
(88.25%) (88.25%) |
| Operating Margin | (1,689.86%) (1,689.86%) |
n/a n/a |
n/a n/a |
| Capital Employed £ (Millions) | 6.30 | 2.38 | 4.39 |
| Return on Capital Employed | n/a n/a |
n/a n/a |
n/a n/a |
| Invested Equity Capital £ (Millions) | 6.62 | 2.68 | 4.70 |
| Earnings per Share - Basic | (1.87p) (1.87p) |
(1.63p) (1.63p) |
(2.51p) (2.51p) |
| Earnings per Share - Diluted | (1.87p) (1.87p) |
(1.63p) (1.63p) |
(2.51p) (2.51p) |
| Earnings per Share - Adjusted | (1.87)p | (1.63)p | (2.51)p |
| Earnings per Share Growth - Basic | n/a n/a |
n/a n/a |
n/a n/a |
| Earnings per Share Growth - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
| Earnings per Share Growth - Adjusted | n/a | n/a | n/a |
| PE Ratio - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
| PEG - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
| Tax Rate | 8.32% | 9.64% | 10.40% |
| Dividend Cover | n/a n/a |
n/a n/a |
n/a n/a |
| Interest Cover | n/a n/a |
n/a n/a |
n/a n/a |
| Continuing & Discontinued Operations | |||
| Earnings per Share - Basic | (1.87p) (1.88p) |
(1.63p) (1.63p) |
(2.51p) (2.51p) |
| Earnings per Share - Diluted | (1.87p) (1.88p) |
(1.63p) (1.63p) |
(2.51p) (2.51p) |
| Earnings per Share - Adjusted | (1.87p) | (1.63p) | (2.51p) |
| Earnings per Share Growth - Basic | n/a n/a |
n/a n/a |
n/a n/a |
| Earnings per Share Growth - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
| Earnings per Share Growth - Adjusted | n/a | n/a | n/a |
| PE Ratio - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
| PEG - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
| Dividend Cover | n/a n/a |
n/a n/a |
n/a n/a |
| Return on Equity (ROE) | (42.15%) (42.15%) |
(77.53%) (77.53%) |
(56.43%) (56.43%) |
| Operating Cash Flow per Share | (1.38p) | (1.21p) | (2.36p) |
| Gross Cash Flow per Share | cn/a | cn/a | cn/a |
| Cash Incr/Decr per Share | 2.34p | (1.36p) | 1.40p |
| Capital Expenditure per Share | n/a | n/a | n/a |
| Dividend per Share | n/a | n/a | n/a |
| Dividend per Share Growth | n/a | n/a | n/a |
| Dividend Yield | 0.0% | 0.0% | 0.0% |
| Shareholders Funds | 6.62 | 2.68 | 4.70 |
| Net Borrowings £ (Millions) | (5.35) | (1.87) | (3.61) |
| Net Asset Value per Share (inc. Intangibles) | 4.24p | 1.86p | 4.16p |
| £ (Millions) | £ (Millions) | £ (Millions) | |
| Gearing - inc Intangibles | 31-Oct-10 | 31-Oct-09 | 31-Oct-08 |
| Shareholders' Funds inc Intangibles | 6.62 | 2.68 | 4.70 |
| Net Borrowings £ (Millions) | (5.35) | (1.87) | (3.61) |
| Net Gearing | n/a | n/a | n/a |
| Cash & Near Cash | 5.35 | 1.87 | 3.61 |
| Cash | 80.79% | 69.62% | 76.82% |
| Gross Borrowings | n/a | n/a | n/a |
| Gross Gearing | n/a | n/a | n/a |
| Borrowings Under 5 years | n/a | n/a | n/a |
| Under 5 years | n/a | n/a | n/a |
| Borrowings Under 1 year | n/a | n/a | n/a |
| Under 1 year | n/a | n/a | n/a |
| £ (Millions) | £ (Millions) | £ (Millions) | |
| Gearing - exc Intangibles | 31-Oct-10 | 31-Oct-09 | 31-Oct-08 |
| Shareholders' Funds exc Intangibles | 6.30 | 2.38 | 4.39 |
| Net Borrowings £ (Millions) | (5.35) | (1.87) | (3.61) |
| Net Gearing | n/a | n/a | n/a |
| Cash & Near Cash | 5.35 | 1.87 | 3.61 |
| Cash | 84.88% | 78.66% | 82.20% |
| Gross Borrowings | n/a | n/a | n/a |
| Gross Gearing | n/a | n/a | n/a |
| Borrowings Under 5 years | n/a | n/a | n/a |
| Under 5 years | n/a | n/a | n/a |
| Borrowings Under 1 year | n/a | n/a | n/a |
| Under 1 year | n/a | n/a | n/a |
| £ (Millions) | £ (Millions) | £ (Millions) | |
| Cover | 31-Oct-10 | 31-Oct-09 | 31-Oct-08 |
| Quick Ratio | 15.73 | 6.82 | 9.57 |
| Current Ratio | 16.06 | 7.21 | 9.85 |
* GAAP
a. Includes discontinued activities
b. Based on operating cash flow before tax
c. Not disclosed under IFRS
d. Includes non-current assets
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