Until recently Kewill had stalled in a narrow range between 47 and 50 pence after making significant gains this year until June. Last week it broke through 50 pence and is now testing 60 pence. It has managed this significant rise on low volumes. The Sunday Express tipped it on 3/8/03 according to Sharecast 'Supply chain manager Kewill Systems is well placed for further growth overseas, says the Sunday Express, suggesting shares should be bought'. Is this one tip responsable for recent gains or is something else pushing the share price upward? Does anyone have any reliable information?

Results out..

Key points:

* Turnover from continuing operations including acquisitions of #22.1m (2002
/3 restated: #21.7m), up 2% or 8% in constant currency terms

* Total Group turnover was #22.1m (2002/3 restated: #25.0m)

* Operating profit of #0.8m (2002/3 restated loss of #10.7m)

* Central group overheads reduced 33% to #1.3m (2002/3: #2m)

* Profit before tax was #1.5m (2002/3 restated: loss of #6.0m)

* Earnings per share were 2.7p (2002/3 restated: loss of 7.9p)

* Cash balances at 31 March 2004 stood at #19.1m (2002/3: #22.2m)

* Cash of #1.3m (2002/3: #0.7m) generated from operations

* Strengthened Supply Chain Execution portfolio with acquisition of
TradePoint Systems during the year, followed by the acquisition of Paral of
India and assets of ShipNow Global Holdings post year end

* 6 new Kewill Trade/Messagebroker contracts in UK retail

* 8 more enterprise level US shipping wins in 2nd half of 2003/4 (6 in 1st
half)
* Improved processes and management strengthened across all business units

Have to say nothing much is going on in Kewill. Its price is drifting down.