This share has moved up from 2.5p to 3.5p since September .Now in profit with new contracts coming on stream.Large Insurance companies outsourcing claims handling more and more.Recent new customers include HSBC,Norwich Union,Liverpool Victoria,AXA and B.T.
This is a LONG TERM trend for Insurance companies.Growth assured and directors were heavy buyers before the recent results and now own over 10% of the company.
DYOR, and get on board.

Any news on this one people? Been sitting on these for months, getting a bit bored now.

THE CLAIMS PEOPLE GROUP PLC

INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2004

CHAIRMAN'S STATEMENT

Highlights:

Turnover up 32%
Profitability improved substantially
Positive cash contribution
Client base widened

The Board of The Claims People Group plc announces the interim results for the
six months ended 30 June 2004.

Turnover for the six months improved by 32% from 916,990 to 1,206,381 compared
to the same period last year (full year 2003: 1,965,724) resulting in a pre-tax
profit of 71,946 compared to a profit of 5,346 for the corresponding period
last year (full year 2003: pre tax 50,818). We achieved our first reporting
period profit at the half-year stage last year and the positive trend has
continued.

In May 2004 we were able to employ a specialist team from Concept Claims
Management, a claims auditing and processing company. The team were immediately
able to provide new sources of business and we are keen to develop their
expertise to offer further income enhancing services to the market in the coming
months.

The integration of the CCS business acquired in October 2003 is complete. We
have closed one of the two operating offices and rationalised and re-structured
the staffing so that the business continues to make a positive contribution to
profit.

We continue to work closely with Norwich Union, and although the three-year
agreement ceases in September this year, we are assured of work into early 2005.
We are receiving increased support from our other established clients, including
Liverpool Victoria, HSBC and Primary Group.

We have succeeded in increasing the breadth of our client base and are currently
involved in a number of negotiations which may form the basis of a future
announcement to the market.

The second half of the year has started well and the directors continue to view
future prospects with optimism. In the coming six months we will build on our
sources of business, seek compatible acquisition opportunities and continue to
work with the market to produce new and innovative products.

John French
Chairman
24 August 2004


CONSOLIDATED PROFIT AND LOSS ACCOUNT
FOR THE SIX MONTHS ENDED 30 JUNE 2004

Notes 6 months 6 months Year ended
ended ended 31 December
30 June 2004 30 June 2003 2003
Unaudited Unaudited Audited

Turnover 1,206,381 916,990 1,965,724
Administrative (1,136,594) (912,834) (1,916,448)
expenses
Operating profit 69,787 4,156 49,276
Interest receivable 2,928 1,617 4,951
Interest payable (769) (427) (3,409)
Profit before taxation 71,946 5,346 50,818
Taxation 2 16,689 - 84,495
Profit after taxation
and for the period 88,635 5,346 135,313
Earnings per share 3 0.09p 0.01p 0.16p
---------- ----------- -----------
Fully diluted earnings
per share 3 0.09p 0.01p 0.16p
---------- ----------- -----------



Comment, this puts clm on a current p/e of 20 at the opening price today which is about right, given the forward remarks, it is easy to view profits doubling as turnover grows putting a forward P/E of ten which is too low for such a growth stock that is clearly very well managed and has good prospects. given the results, the share price could double as forward estimates are generated, my target at the moment is 4p on no further news.