News blog

ReThink Group

• BY: Andrew Hore |
• POSTED: 22/07/2014 |

Talent management and recruitment services provider ReThink Group says that first half trading was in line with expectations.

Net fee income was 4% higher and interim pre-tax profit also improved. Since the end of the half year ReThink secured a three year extension to its contract with Marks & Spencer to provide IT staff plus a new three year contract with a multi-channel marketing business.

Net debt was one-fifth lower at £9.3m at the end of June 2014.

House broker Shore capital forecasts a decline in full year profit from £1.7m to £1.5m. that still means that the shares are trading on less than seven times prospective earnings.

At 6p a share, up 0.25p, ReThink is valued at

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJuly2014_58.pdf