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Intellego Holdings

  • BY: Andrew Hore |
  • POSTED: 20/11/2008 |

Intellego Holdings does not appear to be suffering any ill effects from the recession.

It would be foolish to think that this will not change but the e-learning business does appear to be resilient even though the financial services sector is a significant sector for the business.

Intellego is cutting costs in preparation for tougher times but it is not scrimping on its sales effort. It is concentrating on building up sales and the order book and deferred income comes to £416,000.

Revenues grew by 50% to £1.11m in the six months to September 2008. This growth was helped by acquisitions but there was underlying growth. The interim loss was reduced from £149,000 to £118,000. Net debt was £270,000 at the end of September 2008.

Intellego has turned away overpriced acquisitions in the past. Management is still looking at several potential acquisitions and others could become more attractive over the coming months.

Intellego is on course to break even on revenues of £2.6m in the year to March 2008.

At 0.75p a share, Intellego is valued at £980,000.

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