Companies: ILX   

After the previous year’s disappointments, training group ILX managed to pull it all together in the six months to the end of September – very nearly doubling profits on a 40 per cent rise in revenues. Earnings emerged 75 per cent higher at 4.14p per share. Given that the best practice side of the business generates most of its profits in the second half of the year, the shares are clearly selling on a very undemanding rating at the current 64p.

The one worry has been the likely impact of a downturn in the City on the Corporate Training Group, whose customers are largely the investment banks. But, to date, trading has continued to be strong and the forward order book suggests that will not change in a hurry.

It has been a long slog if you bought ILX on my recommendation three years ago at 92.5p but there is certainly no case for quitting now.

ILX Group	AIM	£4.36m	22.50p	-0.50p
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Other company articles:
ILX Group			10/10/2008
ILX Group			19/06/2008
ILX a banker for 2008			04/01/2008
ILX – two directors commit another £50,000			30/11/2007
ILX Group			27/11/2007