at 9.8p good trading update there has been quite a fall off of the price over the past 3 months which had me worried that there were some problems arising. The recent volumes traded and falling price seem to indicate that a seller is offloading which with such a small cap company might mean the price will stay depressed. that said the trading update was very positive. profit growth on track and the consultancy was ahead of target. thus by implication the professional services was behind budget but this was my fear with the new legislation in place, so the fact that the 'blip' has been absorbed by the growth of consultancy is , i think, very good news. they say too that PS has now recovered and is outperforming peers. I think these statements a little wishy washy as it means trading is tough but somehow relative performance is seen as success. I am only interested in absolute figures. however the main aspect for me was that overall the company is in line with expectations and in the past it has surpassed expectations with H2 trading. I am invested for the long haul with significant upside a possibility. within that timeframe I don't expect every profit period to show smooth rising trends. I am backing the mgt team that in 5 years profits will be several millions - what happens in between is largely academic and in fact blip are be a buying opportunity.also very positively was the cash flow - 2m generated within 6 months and now down to 2m - that is very very manageable and allows growth by acquisition to start.On the negative there is still no word of the disposal of ignition which should add 2m to CASH balances - though I have down graded my won analysis to something closer to 1m only given the delay.I would like to buy more but will wait until can see evidence that the overhang is clearing - decent volume today might be the start of that process.A happy holder. Time will tell.All IMHO, DYOR + BoLPTY is in my portfolio
at 13p steady buying since results There has been very steady buying here for the last few months, and particularly so after the recent dip back below 12p, defo seems to be building momentum, and i'd assume those buying have a decent insight into the new contrcts of the consultancy division. The chart strength indicates that investors are beginning to hear the story.Time will tell!All IMHO, DYOR + BoLPTY is in my portfolio
chart break > 12p after good results I like the way the new mgt team is delivering on the restructuring and it's promises of increased profits. I think profits have grown for 5 years in a row now and growth next year seems in the bag with the new business won. They seem to be in a good spot where any additional work will add significantly to profits. The current rating is modest though understandable for a smaller business. In my experience success breeds momentum and with high level gvt work guaranteed I think they will be able to expand from here. There is always the chance of surprises but the upside here is a multi bagger (mh target is 18p) and the recent chart strength indicates that investors are only beginning to hear the story.Time will tell!All IMHO, DYOR + BoLPTY is in my portfolio
Encouraging Results Let's see what the market makes of them.atb
Re: Promising Chart pattern [link]
Promising Chart pattern [link]
The Daily Telegraph This was mentioned in today's Money week. Interestingly, the chart has formed a cup & saucer shape with break & hold above 10.50 will be very positive. target 14p. I will post chart later.The Daily TelegraphThe shares of this small recruitment and consulting specialist have done poorly in thelast five years, but an encouraging trading update suggests things could be lookingup. New management is focusing the business on a niche in the utilities sector, helpingwater companies prepare for deregulation. But investors should keep an eye on theshaky balance sheet, which could smother any recovery. Its a speculative buy. 10.25p
Re: Interesting price movement. [link]
Interesting price movement. Good to see some life in the share price more recently..........either business is on the mend or someone building a stake.GLTA
Results expected soon? Not sure that they didn't downplay the pre closing trading update.....Philip Swinstead been buying since he stepped down and hopefully ebitda better than expected.....SP edging up in anticipation anyway.
Continuing to do well [link]
Re: Buying PTY Hi mantrova,Yes, agree over the last few days there has been a little strength in the SP.[link]
Buying PTY There's a now bit of hunger for PTY and the shares are being bought. I can see these moving into double figure territory without much difficulty.From the position of not being heard of by many I see their name cropping up quite bit.m
Re: Results Market reaction says it all.....
Results Second half not so good - still a bit of a struggle to get into profit.