Legal and accounting software specialist Tikit (TIK) has issued a solid trading statement in which it predicts its full year results will be in line with market expectations.
Buoyed by strong demand for its own products, the AIM counter has maintained its operating margins of 17.1 per cent through the second half of 2011. In addition, Tikit is enjoying strong cash generation so this help boost its cash balance - £4.1 million at the interim stage.
Tikit has secured a healthy pipeline of implementation work, which combined with its focus on recurring revenue provide a solid backdrop for the current year. House broker Charles Stanley predicts 2011 pre-tax profits of £4.3 million and EPS of 21.3p.
The shares are up 7p to 293.5p as the market warms to the latest update from Tikit. Further news on current trading will be released in March when Tikit issues its full-year results. We last urged readers to buy the shares in Growth Company Investor in September at 266.5p, so the rally since then is pleasing. Hold on.
The most comprehensive review of AIM directors' pay available, and this year includes a record sample of 1000+ AIM-quoted companies. The full report is available to order for £385 + VAT. Click here for more info
Latest small-cap and growth company news
Daily coverage of small-cap company stocks on London's junior markets AIM and PLUS, breaking news, stock research and latest share price information for investors. Full sector coverage with all the latest news on smaller listed companies, updated several times a day with financial reports, trading statements and links to further web resources.
It’s hard work building a consumer brand, but Science in Sport is giving it a good go. The company has developed a range of sports nutrition products which have credibility from elite athlete users who won 34 medals at Rio.
Styles & Wood shares have doubled in value over the last six months as the strategy to diversify the customer base and focus on profits rather than revenue growth has gained momentum. A good set of interim results has just been followed by an earnings-enhancing acquisition.
Crawshaw Group shares have come crashing back to earth following a profit warning. When a highly rated growth stock hits an air pocket you run the risk of a big correction and the shares have fallen 40 per cent today.
Hostel operator Safestay has released a slightly disappointing set of interim figures. Rather than becoming profitable this year there is now likely to be a small loss and the market has consequently cut back profit forecasts for the following years.
EKF Diagnostics interim results showed the benefit of refocusing on its core point-of-care (POC) diagnostics tests. Revenues were up 18 per cent, which was a welcome result after the disastrous foray into molecular diagnostics.