Ripley94
06 Oct 2015
ii 29/may / 2015 9 aim keep forever.
Blanketstacker
30 Sep 2015
Results The interims came out a fortnight ago, and I have finally finished going over them. In that time we have seen a fall of jolly near 30%. I think that is very much overdone.We missed the broker estimates by a very long way, but in my opinion these always seemed rather unrealistic. Although profits were down 6%, turnover was actually up 8%. At under 80p this seems like a buying opportunity, and I have taken advantage of it. My reasoning runs thus
ER = 12.7PEG = 0.3Yield = 4.2%Div cover = x1.7The company provides software to recruitment firms, and is a consolidator in a very fractured market. It has created its own very profitable and succesful niche, and has management who seem to me to be dedicated and competent.I think we should be trading around the 100 mark, with a poitential to get back to 120, so again this is not one to make you a millionaire, but there is potentially 25%+ to be made here. Good luck to us all.
Blanketstacker
27 Apr 2015
Re: Slight price slippage... Hi WInitially I was a little bit disappointed, if not surprised. Now I have had time to read both the full results and your comments I am a lot happier. The headline figures are mixed. I really like the nice increase in recurring revenues, but am less happy with the fall in profits. But you make it quite clear, as does the chairman, that excellent opportunities remain. The acquisitions are operating profitably, and there is a continued organic growth. To be honest, I also rather like the management team here as well. I will carry on holding, and look to add if it drops below a quid and funds allow.
whatsupnow
27 Apr 2015
Re: Slight price slippage... So Blancketstacker, what do you make of these comments in todays results?On the face of it, these are disappointing results. However, they are not unexpected, given our conscious and pre-stated decision to hold back the number of implementations we completed in the second half of the year. This enabled the successful replacement of the FileFinder 10 product with our new FileFinder Anywhere suite, launched to the market in September 2014, with the first "live" implementations in November. FileFinder systems are business critical for our clients, and so we ensured that the product went through a significant beta test process. This meant that we deliberately implemented virtually no new client FileFinder systems between September and mid-November, so as to ensure that our development, implementation and support teams were able to provide our "early adopters" with the level of service that they required.This strategy has proven to be the correct one. Client feedback on the new product has been excellent, with a number of case studies and client testimonials already shown on our website.
Blanketstacker
27 Apr 2015
Re: Slight price slippage... Results are OK, but have undershot the estimates by a long way.
Blanketstacker
17 Apr 2015
Re: Slight price slippage... ..and an RNS today has pushed the reults back seven days. Is this good or bad? Anyone got any ideas?
Blanketstacker
16 Apr 2015
Slight price slippage... ...going into the preliminary results on Monday. Is this a buying opportunity or a warning? Any opinions please?
mutandis13
05 Feb 2015
Trading update A very positive update and the share price responded, going back to the level just before the interims. [link]
investorschampion
04 Feb 2015
Re: News This highly cash generative AIM quoted supplier of software for the international recruitment industry has issued a positive trading update for the 12 months ended 31 December 2014. We are impressed with the software offering having enjoyed a demonstration of this a few months ago. - See more at: [link]
