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GETECH Group

  • BY: Andrew Hore |
  • POSTED: 24/01/2013 |

House broker WH Ireland has increased its profit forecast for geological information and services provider GETECH Group following a positive trading statement. 

The profit forecast for the year to July 2013 has been raised from £1.37m to £1.7m. The 2013-14 figure has been increased from £1.49m to £1.82m.

New contracts are behind the increased optimism.

WH Ireland has also increase the dividend forecast for this year from 1.1p a share to 1.4p a share. Next year’s dividend forecast has been upped from 1.25p a share to 1.5p a share.

At 63p a share, up 6p, GETECH is valued at £18.5m. The shares are trading on 14 times 2012-13 prospective earnings, falling to 13 the following year.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJanuary2013_40.pdf

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