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Access Intelligence
- BY: Andrew Hore |
- POSTED: 12/01/2010 |
- COMMENTS: Add yours
Software-as-a-Service supplier Access Intelligence says that operating profits for the year to November 2009 will be in line with expectations.
Revenues have increased from £3.96m to around £6m. House broker Astaire believes operating profits will be around £600,000. There is £1.7m in the bank and net debt is small.
At 6.375p a share, down 1.5p on the day, Access is valued at £10.2m. The share price is still 27% higher than one month ago. Even Astaire believes the shares are fully valued at this level. Access is trading on 21 times current forecast earnings for 2009-10 but there may be scope for an earnings upgrade.
Full year figures will be published on 1 March.
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