The specialist Spend Control solution provider.
Final Results For The 12 Months To End July 2017 – Can easily pick out that Revenue is up by 31% to £25.4m vs £19.4m last time – But this is below the £26m forecast on Stockopedia.
This is a company that likes acquisitions, which I am not a huge fan of. It typically makes for difficult to understand updates (for me anyway), like this one – EBITDA up 49%, Statutory Operating Loss of £2.6m vs £1.9m Profit last time, EPS up 25% to 9p – Which seems ahead of forecasts. This just goes into the “too difficult” for me basket – I will invest in companies whose numbers I can better understand. Also noted, Paul Scott points to a weak balance sheet here.
12-Feb-2018 – 169.1p – £157.0m – PER 12.9
This remains the “too difficult” for me basket and I will no longer report on it for now.