News blog
Servoca
- BY: Andrew Hore |
- POSTED: 01/12/2011 |
House broker finnCap is “modestly reducing” its profit forecast for Servoca after the outsourcing and recruitment services company stated that trading for the year just ended was “broadly” in line with expectations.
The outsourcing operations are going well but the public sector recruitment business is tough. The pre-tax profit forecast for the year to September 2011 has been nudged down from £2m to £1.85m.
At 5.5p a share, Servoca is valued at £6.91m. The shares are trading on four times 2010-11 earnings.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFNovember2011_26.pdf
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