Sarantel share price plunges on potential sale talks

Miniature antennas manufacturer Sarantel is considering selling its operating subsidiary in light of the group's weak balance sheet and limited financial resources, according to a company announcement issued on Monday morning.

Miniature antennas manufacturer Sarantel is considering selling its operating subsidiary in light of the group's weak balance sheet and limited financial resources, according to a company announcement issued on Monday morning.

The AIM-listed manufacturer, which published its audited results for the year ending September 30th, disclosed an operating loss before depreciation and amortisation of £2.0m in spite of revenues for the year of £3.0m.

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