News blog
ILX Group
- BY: Andrew Hore |
- POSTED: 10/10/2008 |
Training company ILX Group says its interim results will be in line with expectations.
Corporate Training Group, which provides training for the financial services sector has maintained its revenues. The Best Practice division, which includes Prince2 and ITIL training, has gained market share.
ILX has paid the final earn out for Corporate Training. The interest rate on the company’s debt has been hedged and interest payments are covered five times by profits.
New house broker Arbuthnot forecasts a profit of £1.89m in the year to March 2009.
At 24p a share, ILX is valued at £4.65m and is trading on less than four times prospective earnings.
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