*Well first of all its a tech share but a Value Tech Share and produces financial software mainly for the Banking Industry.
*For years it as given out profit warnings and bad trading statements, thats all now changed and business is looking positive very positive.

*It has a market cap of 11 million, and its got cash of circa 6.7 million about 1.7 million will be spent on restructuring, so that leaves us with around net cash of say 5 million.

*It has an excelent management team, with Roger Foster of ACT the chairman and Paul Fulacre as non exec he was the chairman and founder of Staffware which has been sold recently for a massive sum. Together they hold around 25% of the company, so they are putting their faith in the growth of the company.

*The company is forward thinking and as spent around 22 miilion cumulatively on R@D on their new products.

*The order book more or less supports annual turnover, the order book being in the region of 8 million the annual sales being approx 10 million.

Summing up we are looking at a busines with a market cap of 11 million, as we have net cash of 5 million on the books if you bought the shares you would be basically paying 6 milion for the business and for that you get 10 million worth of annual sales an order book that supports that, excelent spending on R@D of around 22 million, an excelent and proven management team and a company that is about to break even and move into profit.

I feel this company is massively undervalued and I see a lot of upside from here.

Medium term Recomendation.

DYOR, you are responsible for the timing of your buying and selling actions.

cheers Gf.

Good news today was a reason for a for a lot of selling into the price rise. That means the price will drift down again from here. I sold my holding today, glad to get out with a small gain. Stocks like this might be good value but I cant be bothered to wait.

Dont think so .

Mark slater is tipping this all over the place this evening. Your sell could have been very premature.

cheers GF.