Netcall grew its underlying interim profits by 91%.
The telecoms call-back and auto-messaging software provider’s revenues improved from £1.69m to £2.01m in the six months to December 2008, while underlying profits were £539,000.
Recurring revenues cover the company’s admin expenses.
Netcall has a significant number of financial services clients but it has been successful in winning business from other sectors. The only cloud on the horizon is the possibility that customers will take longer to make decisions to invest in the company’s systems.
Net cash is £3.6m and the business remains cash generative.
At 12.75p a share, Netcall is valued at £7.98m. House broker Evolution forecasts maintained full year profits of £700,000 in the year to June 2009. This is a conservative forecast and should be achievable even if no significant new licences are won.
The shares are trading on 14 times forecast 2008-09 earnings - based on a nill tax charge. Available tax losses are still in excess of £7m.
© 2007 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Elektron is making a mandatory bid for instrumentation supplier Hartest Holdings following the purchase of Peter Gyllenhammar’s stake.
Metrodome Group has ended its bid talks with Target Entertainment Group.
Engineer Chamberlin says trading has been strong at its foundries in the first quarter and it is confident of a return to profit in the year to March 2011.
Lees Foods expects sales and profits to be ahead of forecasts for the full year.
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds