Master RSI
- 02 May 2007 11:10
- 41 of 59
UPS (Added by Master RSI on Wed 02 May 10:48 am)
SPE - Mid 21.25p
Reason - Late last March narrowed its full year pretax loss on a 30% increase in revenues, it had achieved breakeven EBITDA for the first time, today on an update confirms ... first-quarter revenues rose 37% from the same period a year earlier
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Master RSI
- 02 May 2007 11:14
- 43 of 59
From small companies news..........
Again on the upside, Sopheon hardened 1 to 21-1/4 as the software and services provider disclosed a 37 pct increase in first quarter revenues. At the end of the first quarter, revenue visibility for the full year from contracted business and recurring revenue streams stood at 3.0 mln.
Following Sopheon's update, Seymour Pierce advised clients to 'buy', with a price target of 30 pence.
The shares, which are trading at 14 times 2008 earnings, have fallen back almost 20 pct over the past month for no particular reason, while Tech has been strong, said the broker. With the business motoring towards a strong full-year, now is a good time to revisit the story, it concluded.