Spring has plenty money in the bank, have change dirrection and continues to see a recovery in its share price on very little volume.

Any followers here with any views?

Results are due out tomorrow. Should get a re-rerating IMHO.

Are these not undervalued?

MKT Cap 100m however of which cash is 45m and results for the year are expected to be ahead of analysts' expectations, with profit before tax expected to be in excess of 5 million.

Please DYOR.

Altium Capital on the 1st of this month re-iterated their buy recommendation with target of 79p!

'ahead of analysts' expectations' - added to the likelihood of a blue day tomorrow with FTSE & DOW both doing well :-) Will be way up the Top % Gainers list tomorrow IMHO

WOW look at the DOW - in for a blue day tomorrow as mentioned earlier and watch this share Spring into action :-) because the results tomorrow (ahead of analysts expectations) are not priced in IMHO. Watch for an assault on the recent resistance of 68.5 and a possible breakout.

Final Results are out :-)

SPRING GROUP PLC

2006 PRELIMINARY RESULTS


Spring delivers 5.4 million pre-tax profit compared with 5.5 million loss last
year



Strategic Review sets out three year growth plan



Spring Group plc ('Spring'), the technology staffing and workforce management
company, announces its audited results for the year ended 31 December 2006.



FINANCIAL HIGHLIGHTS

Revenues of 407.3 million in line with expectations (2005: 454.7
million)

Operating profit of 4.6 million (2005: operating loss 5.5 million)

Profit before taxation of 5.4 million (2005: loss before taxation of
5.5 million)

Cash inflow from operating activities of 14.0 million (2005: cash
inflow of 7.1 million)

Basic earnings per share of 3.08 pence (2005: loss per share 3.59 pence)

Final dividend of 0.2 pence (2005: 0.2 pence)

Group net cash 45.6 million (2005: 34.3 million)

Net assets 74.7 million (2005: 70.0 million)



STRATEGIC AND OPERATIONAL HIGHLIGHTS

2006 goals realised:

Group returned to profit

Unprofitable contracts exited

Cost base significantly reduced

Strategic review completed

Investment in new brands and sales consultants commenced

Good Trading Statement today and they look very underated imo. Could see a big bounce with 35 mill in the bank and profit of 7 mill