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Advanced Computer Software - Net debt under £1m versus £25m six months ago

April 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • ASW
  • Price:
  • 53p
ASW’s  confident trading update said  that for the year to end February it expects revenue from continuing operations of £98m, 10% ahead of the year before and 8% organic growth. EBITDA is expected to be £24m, 9% ahead. Net debt has also fallen to just £1m compared to £25.3m six months ago, before the £15m proceeds from the sale of the Cedars HR software business. Advanced Health & Care reported organic revenue growth of 8%, with a significant contribution from mobile applications for the health and community care markets. iNurse/iConnect users hit 13,000, with both Vodafone and Orange including the product within their mobile health offerings. The managed services side grew by 16% and benefited from cross-sel ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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