News blog
Netcall
- BY: Andrew Hore |
- POSTED: 18/11/2010 |
Netcall says that it has already achieved £1m of cost savings from the integration of Telephonetics.
This is double the amount achieved by the time of the announcement of the 2009-10 figures in September. House broker Evolution believes that the annual savings could increase to £1.5m.
The telecoms call-back and speech recognition software provider is looking for more consolidation opportunities and its strong cash position will help to finance more acquisitions. Pro-forma cash was more than £4m at the time of the full year results announcement and the business is expected to be cash generative so that cash pile should rise over the next few years. Netcall still has around £1.8m of recognised and unrecognised tax losses.
At 13.75p a share, Netcall is valued at £16.8m.
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