The acquisitive London-based legal and professional services business.
28-Nov-2017 – 141.5p – £40.5m – PER 18.3
Interim Results For The 6 Months To End September 2017 – Revenue up by 14.5% to £12.89m (H1 2016 £11.26m), Adjusted PBT up by 103% to £0.58m (H1 2016 £0.28m) and Adjusted EPS of 2.26p (H1 2016 2.24p). There’s Net Cash of £12.53m. Outlook is in-line.
Remaining Neutral here for now but will keep an eye on updates here.
Subsequent note: I opened a Long position here.
29-Oct-2018 – 181.5p – £52.2m – PER 12.5
Statement Regarding Merger – Agrees to buy Ince & Co International LLP and its affiliated entities to create the UK’s largest listed law firm by revenue. Trading for the 6 months to end September are in-line and shares will remain suspended until final terms on the merger are clarified.
This seems like good news – I am Long here and will remain so for now (cause I can’t even sell at the moment anyway!).