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if they make £2.5m it would be on a price earnings of ten.That can not be right for a hi tec firm.
Been hunting down the China thing it does look as if cnicip run all the print in China.
when i searched only one other ex Chinese firm has got a partnership.

CNPIEC have 60% of the Chinese market. They are one of 12 companies under the CPG(China Publishing Group) umbrella. I was thinking this may lead to more work from one or more of the other 11?
Have you seen tara7's research on advfn?

just been sent this


Increased target price 14/03/13

We have again revised our target price upwards as we continue to believe that Publishing Technology should see positive profits momentum now that its R&D cycle is nearly complete. As its products and/or services either reduce costs or introduce new revenue streams for publishers, there is in-built demand for PT’s solutions in our view. This is especially the case as publishers look to outsource more. In addition, considerable scope remains to penetrate its large customer base with more online products. As we flagged in our note “Profiting from R&D” on 5 March 2013, while it is our view that the Chinese JV could provide considerable upside to the Publishing Technology valuation, there is no profit contribution in our current forecasts.

Our 360p target price has been arrived at by comparing PT’s target 2013E EV/sales of 1.8x to similar companies. This valuation is supported by a reverse DCF of 360p per share. We maintain our Buy recommendation.

pretty good recommendation for a company which has a negative net worth, but then who knows what tomorrow may bring.

Someone has idea of nothing

pretty sure lost the shirt with the HALIFAX and everything is negative now.

Look forwards halifax, not over your shoulder.
PTO have for the last 5 years pumped all of their profits from existing tech into the development of Pub2web & advance. £15m worth. Those products are now selling like hot cakes & producing RECURRING INCOME!!
The Chinese JV is 'paying for itself' and 'could...' (read the broker note above)...

Perhaps ask yourself why it's impossible to buy any shares online?

Poster on advfn has picked up broker upgrade in the USA.

Is this being ramped?

Who by?

The director who bought 50,000

OR the 5 large investors who have bought in over the last 12 months.

OR the broker.

14 Mar Westhouse Securities Buy 260.00 360.00
5 Mar Westhouse Securities Buy 230.00 260.00
4 Jan Westhouse Securities Buy 200.00 230.00
17 Dec Westhouse Securities Buy 150.00 200.00
05 Dec Westhouse Securities Buy 120.00 150.00
15 Aug Westhouse Securities Buy 120.00 120.00

OR investors on this BB

another 25p up to 310p

Some stocks just go where they have to go

some posters they go to places were should not go ( here )

nice to visit some places, but just read their comments when they miss the boat.

they prefer to stay with the Halifax were they lost their shirt, and now they have nothing to invest but trying to bring other shares down

investors are buying up to £3.60p.

New order for the french has been shown up under the heading NEWS

jump today, what is the reason.

up today reason?

More buyers than sellers!!

I await the day we get an RNS telling us the JV is going great guns. Nothing in the sp yet for China...when that news arrives people might just sit up and take note!!

really impressive chart action here.

Up 10% today and 500p for the first time.

Up another 8% incredible.

Up 15% today.

Yesterday's Trading Update

Publishing Technology plc (AIM: PTO.L), the AIM quoted, leading provider of content systems, audience development and content delivery software and services to international publishers, information providers and academic institutions, announces that as a result of delayed completion of some very large and complex new product projects and additional research and development initiatives it expects its results for the year ending 31 December 2013 to be below market expectations and similar to the prior year.

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