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IS Solutions

  • BY: Andrew Hore |
  • POSTED: 11/12/2014 |

Analytics and ecommerce software provider IS Solutions has secured an analytics contract that will underpin its 2014 figures.

At 53.5p a share, up 7.5p, IS Solutions is valued at £13.5m.

The deal with a financial services business should be signed next week and a significant chunk of the software licence revenues will be recognised this year. The contract is for five years. There are other potential contracts that could be won next year.

House broker finnCap forecasts a 10% rise in profit to £1.1m in 2014. There had been a decline in first half revenues from £4.96m to £3.43m, while a profit of £345,000 was turned into a loss of £323,000. This indicates how much stronger the second half is and how important the contract is. Net debt was £433,000 at the end of June 2014.

The shares are trading on 15 times prospective 2014 earnings.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFDecember2014_63.pdf

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