Christie Group plc

Trading Update

The Directors of Christie Group plc are pleased to announce that they now
anticipate that the Group's profits for the year ended 31 December 2006 are
likely to be materially higher than market expectations.

13.4% gain in last five days.

Used to be on the RHPS portfolio, think this ones seen its boom time but still offers investors a steady profit at a decent risk ratio. Robcam any chance you can include a 12m sp graph with bollinger brands? A volume graph would also be nice....

Sunday newspaper tip;

FINANCIAL TIMES
Occasionally, a glaring anomaly arises particularly with a small PLC that falls below most investors’ and analysts’ radar: private investor John Lee believes Aim-quoted Christie Group to be a classic example.

Christie has steadily developed over the years and is highly regarded within its two principal sectors: professional business services, covering valuing, buying, selling, financing a wide variety of businesses in the leisure, care, retail sectors; and stocktaking and inventory systems and services.

The stocktaking business – number one in the UK, number three in the world, with 11 offices and more than 1,000 employees – has roots going back to 1846. But new clients include Zara, Butlins, Tesco Pharmacy.

Total group revenue increased to £53m for 2011, split broadly equally between the two divisions. With directors and staff owning 65 per cent, marginal profitability and a recent dividend reduction, the shares have come back to 52p, giving a paltry £13m capitalisation. 'So I recently added more at 49p to my already sizeable holding,' says John Lee.

A trade buyer might value Christie at £1 for every pound of turnover – £50m-plus – or four times its present market valuation. But even a more conservative calculation makes a mockery of the present share price.

Indeed, the group floated at 145p in 1988, when it was considerably smaller.



Read more: http://www.thisismoney.co.uk/money/markets/article-2140345/Sunday-newspaper-share-tips-RBS-Christie-Group.html#ixzz1uBdGuagD

StockMarketWire.com
First half revenues at Christie Group - a leading provider of professional business services and stock and inventory systems and services to the leisure, retail and care markets - rose by 14.4% to £29.4m.

And the group reports an operating profit before exceptional items to £0.8m against a £0.3m loss last time.

Basic earnings per share rose by 5p to 1.74p (2013: 3.26p negative eps) and the interim dividend increased by 50% to 0.75p per share (2013: 0.5p per share.

Chief executive David Rugg said: "Our first half performance and the activity we continue to see provides us with confidence that we will deliver a much improved result for the year as a whole, driven by a resurgent UK M&A market."