A UK based company engaged in the provision of hosted managed services and cloud computing services, it integrates private and public clouds by supplying the hosted information technology services to its business customers.
30-Jul-2018 – 11.75p – £67.5m – PER 19.6
Trading Update For The 6 Months To End June 2018 – Confident FY will be in-line with management expectations.
First time I have looked at this and it looks interesting enough. Perhaps fairly priced here so will remain Neutral but will keep an eye out for those results.
24-Sep-2018 – 11.8p – £67.8m – PER 19.5
Interim Results For The 6 Months To End June 2018 – Revenue up 6% with Operating Loss reduced by 65%.
I remain Neutral here.
1-Feb-2019 – 12p – £68m – PER 23.9
Trading Update For The 12 Months To End December 2018 – Revenue slightly ahead, EBITDA and Net Cash in-line. 2020 expectations underpinned by new project due to go live in Q4 2019.
Would like to actuals here (real Profits perhaps) before making any investment decision – That looks like a wait until end April this year!