A UK based consulting company engaged in providing consultancy services to the asset and wealth management industry.
11-Oct-2018 – 224.5p – £227.8m – PER 18.2
Trading Update For The 6 Months To End September 2018 – Comfortable with current FY expectations.
There’s perhaps some value here at this level but not quite enough to tempt me just yet – Neutral for now.
21-Nov-2018 – 209.5p – £212.6m – PER 17.0
Interim Results For The 6 Months To End September 2018 – Revenue up 35%, Adjusted Operating Profit up 45%, EPS up over 20%, the Interim Dividend is up 30% or so – Net Cash of £10.6m. Expects FY to be slightly ahead of expectations.
I am Neutral here but could be tempted at this level – I will keep an eye out for upgrades here.
5-Jun-2019 – 231p – £234m – PER 16.9
Results For The 12 Months To End March 2019 – Revenue up 15.1% (from £66m to £76m), Operating Profit up almost 50%, Adjusted EPS up 23% (from 9.8p to 12.05p), the Total Dividend is up 16.1% (6p). Acquisition also announced.
I quite like this still (but don’t think it will ever set the world on fire) – Will keep an eye out for Broker updates.