It trades at a discount to its peers, its cheap at less than 12 times prospective earnings, Investors Chronicle tipped it as one of those shares that you could safely put away for a year and be almost be guaranteed a profit. It will gain from the consolidation of the accountancy profession at the highly fragmented "small" end of the market. Is semi recession proof as it will get increased liquidation fees in an economic downturn, the highly respected Artemis are shareholders and continue to buy. It is up by more than 15% since the new year and the trend is your friend. Nobody will double their money quickly however, by giving it to bean counters.

A perfect day.

New highs and story continues to develop perfectly. Vantis are now my single largest holding in any company. Only problem (and it couldn't be larger in my view) remains the paltry volumes.

If the company could appear on other folks radar then surely the shares would start moving ahead more rapidly. Every share needs a market.

Why would anybody buy at the moment when most days no shares change hands so no change in price?

I previously was a holder of these shares but at 262 now (I bought at 135) they are probably fully valued. However from the volumes nobody appears to be selling but if the go up any further I suspect that an upper ceiling will appear.

Lovely. VTS never fails to reward me. I reckon some more news in the pipeline might be the reason behind the ongoing upward movement. No fundamental analysis would suggest the shares are fully valued. Can you elaborate skreen?

Trading at 15 times prospective earnings they are in line with the sector and historically they traded at a good discount to it. No more acquisitions have been announced in the recent past so it is difficult to see where future growth is coming from. I have taken profits but will be in again should there be upwards revisions to profit forecasts or see the directors buying. At the moment you will not lose much money in buying them but Golden Cross I hope you will agree with me that you will not make a killing either.

More belting results. last year's were followed by broker upgrades and a near 30% rise. Same again would be nice!!

not too bad for a dull old accountant - well done VTS!

Extracts:
Turnover up 83% to 71.2 million (2005: 38.9 million).


Profit on continuing activities before interest, tax, goodwill
amortisation and exceptional items up 97% to 12.8 million (2005: 6.5
million)


Profit on ordinary activities before taxation (after discontinued
activities, goodwill amortisation and exceptional items) up 13% to 4.5
million (2005: 4.0m)


Operating margin on continuing activities before goodwill amortisation
and exceptional items of 18.0% (2005: 16.7%)

Final dividend proposed of 3.3 pence per share, making a total for the
year of 4.8 pence per share (2005: 3.9 pence), an increase of 23%

I am pleased to report that the Group has continued to perform in line with our
expectations since the year end.

From the sound foundation of our core practice we are well positioned for
further strong growth, particularly in business recovery and taxation where we
are gaining an excellent reputation for our market leading expertise. We will
continue to strengthen the business by selecting suitable businesses and teams
of individuals from a strong pipeline of opportunities.

Thinking of getting into this sector, along with VTS there is BEG and TNO, I've done some research and think VTS is my choice, has anyone got a view on the sector who would share their thoughts. Thanks.
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Decided on TNO, not sure why but there you go. I think this will be a more active thread in the near future, as more co's go to the wall so the income for the likes of VTS, BEG and TNO will increase substantially. AIMO of course.
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2517 - you might have a look at INVO. More a debt recovery outfit than pure accountancy, based in Scotland, but check their website and you will see that they are very different from some of those south of the border who have hit big trouble. Moving into corporate recovery and their track record/strong balance sheet (no debt) has encouraged me to have a punt recently at average 90p. Not for widows and orphans, but has a good feel about it to me. Always DYOR.

partridge-----thanks I will take a look, TNO have increased their exposure to the recovery and insolvency sector. Sorry for being off thread, will post on TNO thread in future. Good luck all.
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