Original URL: http://www.channelregister.co.uk/2005/11/01/morse_first_half/
Morse said sales were poor in the first half of the year but it expects things to pick up during the second half. It expects a greater proportion than before to be earned in the second half of the year, due to its shift away from pure reselling.
In a statement to the Stock Exchange ahead of its AGM this morning Morse said: "The evolving shape of the business is likely to lead to some changes in its net cash and working capital profile. While the Group continues to generate operating cash, as outlined in the September preliminary results statement net cash in the first half will be impacted by the FY06 cash element of the FY05 restructuring of the UK business and by the payment of the FY05 final dividend."®
Morse sees revenue slide (4 September 2007)
http://www.channelregister.co.uk/2007/09/04/morse_revenue_slide/
Morse will dash for AIM under new CEO (28 June 2007)
http://www.channelregister.co.uk/2007/06/28/morse_kevin_alcock/
Morse splits to AIM high (8 June 2007)
http://www.channelregister.co.uk/2007/06/08/morse_monitise_aim/
New guard take over at Morse (30 August 2006)
http://www.channelregister.co.uk/2006/08/30/morse_2006_results/
Morse withdraws from Germany (24 July 2006)
http://www.channelregister.co.uk/2006/07/24/morse_germany_sale/
Morse loses finance head (15 June 2006)
http://www.channelregister.co.uk/2006/06/15/morse_finance_boss_goes/
Morse stumbles in Germany and Austria (18 May 2006)
http://www.channelregister.co.uk/2006/05/18/morse_german_ops/
Morse signs network processors (12 April 2006)
http://www.channelregister.co.uk/2006/04/12/azul_morse_deal/
HSBC joins Morse's mobile ATM network (10 April 2006)
http://www.channelregister.co.uk/2006/04/10/hsbc_joins_mobile_atm/
Morse continues services shift (2 March 2006)
http://www.channelregister.co.uk/2006/03/02/morse_interims/
Morse flogs French business for €1 (and then some) (14 July 2005)
http://www.channelregister.co.uk/2005/07/14/morse_sells_french_sub/
Compel buys Hire IT for £3m (28 June 2005)
http://www.channelregister.co.uk/2005/06/28/compel_buys_hire_it/
Morse shares tumble on channel exposure (15 April 2005)
http://www.channelregister.co.uk/2005/04/15/morse_shares_fall/
Morse: UK sales under pressure (20 January 2005)
http://www.channelregister.co.uk/2005/01/20/morse_q2_04_update/
Morse buys niche consultancy biz (21 April 2004)
http://www.theregister.co.uk/2004/04/21/morse_buys_cstim/
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