03/08/2005
Kewill Systems, the supply chain software expert we recommended at 57p in late 2003, has undergone a share price revival in recent weeks. The stock received a fillip after chief executive Paul Nichols unveiled a ‘significant cross-selling deal’ for its technology with international trade management operation TradePoint.
Now firmly focused on supply chain execution, Kewill lifted profits from £1.7 million to £3 million in the year to March, on a 20 per cent revenue rise to £26.7 million. These solid results were achieved despite slow European markets and the negative effects of the weak dollar. This year, Brewin Dolphin’s Michael Vassallo forecasts a further jump to £4.2 million on sales of £31.2 million, giving earnings of 4.9p a share and a forward rating of 16 times. Undemanding given Nichols’ good acquisitions track record, a strong balance sheet and solid recurring revenues, argues Vassallo. Like Growth Company Investor, he rates the shares a strong buy. The price target is 110p.
| LSE | £39.82m |
49.00p
|
-1.00p
|
|
| Other company articles: |
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| 03/08/2005 |
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